M&G's Finance and Capital Markets Group obtained the financing through Nationwide Insurance on behalf of the property's owners, National Development of New England. Executive Vice President Kevin C. Phelan and Senior Vice President Stephen M. Horan headed up the effort.
According to Phelan, impressive residential growth in the Franklin area during the past few years is creating the need for increased retail. Forge Park contains approximately two million sf of commercial space, 160 units of housing, a full-service YMCA and an MBTA commuter rail station connecting the park with Downtown Boston.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
