Brookhill Group Refinances Shopping Center

MANCHESTER, NH-The Brookhill Group refinanced its South Willow Shopping Center here. The $10.3 million, ten-year mortgage came from a unit of Morgan Stanley Dean Witter. The 140,000 sf shopping center, which has been owned by Brookhill since the late 1980s, is fully leased. Anchor tenants are Kmart, which occupies 84,000 sf and Staples, which assumed occupancy of a 28,000 sf space last fall.

Members of the Brookhill Group were not available for comment but Charles Kramer, company president, is quoted as saying in a released statement, “Manchester is an important part of an economically strong region that encompasses southern New Hampshire and northeastern Massachusetts and benefits from the Boston economy.” The center is located directly opposite the Mall of New Hampshire, a one million sf regional mall.