Allstate funds $20 million loan for Boston shopping center.

The Allstate Real Estate Investment Group, Northbrook, Illinois--through its Commercial Mortgage Division--announced it has provided a 9.9-year, $20 million fixed-rate loan Fixed-rate loan

A loan whose rate is fixed for the life of the loan. to Messina Enterprises, Braintree, Massachusetts For geographic and demographic information on the census-designated place Braintree, please see the article Braintree (CDP), Massachusetts. Braintree is a town in Norfolk County, Massachusetts, United States. The population was 33,828 at the 2000 census. , for the purchase of Pearl Plaza Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in Braintree.

Built in 1991, Pearl Plaza Shopping Center is situated on more than 17 acres just 10 miles south of Boston. The center contains more than 134,000 square feet of space and is currently 100 percent leased to a mix of national and local retailers, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3. Dave Henderson

For other people named David Henderson, see David Henderson (disambiguation).

David Lee "Dave" Henderson (born July 21, 1958 in Merced, California), nicknamed Hendu , senior portfolio manager, Allstate Real Estate Investment Group.

"Given its prime location just outside of Boston, Pearl Plaza is a great investment for Allstate, adding significant value to our Northeast portfolio," said Henderson. "Messina Enterprises has been a valued Allstate partner for years, and we are pleased to strengthen that relationship while expanding our presence in Boston at the same time."

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Title Annotation:	Commercial; Allstate Real Estate Investment Group; Messina Enterprises
Comment:	Allstate funds $20 million loan for Boston shopping center.(Commercial)(Allstate Real Estate Investment Group)(Messina Enterprises)
Publication:	Mortgage Banking
Article Type:	Brief article
Date:	Nov 1, 2007
Words:	147
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