607 Main Avenue

Property Name: 607 Main Avenue
Location: Norwalk, CT
Property Type: Retail
Transaction Type: First Mortgage
Loan Amount: $7,800,000
Details: Jim Houlihan and Mike O’Neill of Houlihan-Parnes Realtors, LLC and Q10 New York Realty Advisors, LLC are pleased to announce the placement of $7,800,000 in first mortgage financing with a regional commercial bank on the Center Seven Shopping Center located at 607 Main Avenue in Norwalk, Connecticut. The 10-year, non-recourse loan was creatively structured to allow for voluntary partial prepayments throughout the term. The 38,261 s/f retail center with second floor office space is located on the Route 7 corridor of Norwalk, just a mile north of the Merritt Parkway. The Center, having recently undergone extensive renovations, has 14 ground-level tenants that include Citibank, Starbucks, Planet Pizza, and a new Doctor’s Express facility. Murray & Gaunt Partners is the principal owning entity and has managed and owned the Center for over 10 years. Ongoing upgrades and renovations along with prudent management have attracted quality tenants to the high-traffic location in this affluent area of Norwalk.
More Info: James J. Houlihan at 914-694-6070 or contact me