Meredith & Grew Inc. vice president Brian Butler and executive vice president Kevin Phelan of the firm's Finance & Capital Markets Group secured the 20-year, fixed-rate loan, a refinancing, on behalf of Beverly Plaza, LLC--an affiliate of Mugar Enterprises Inc.--through AIG Global Real Estate Investment Corp. Mugar Enterprises is a privately held real estate and development firm which also manages an equity and bond portfolio, retail and entertainment businesses, and other investments of the Mugar Family of Boston.

"AIG understood the transaction from the very beginning and did a terrific job understanding the long-term value of the property in its underwriting," says Butler.