AGAR Supply Co., a New England-based foodservice distributor, has secured an $18 million loan from People's United Bank. The long-term, fixed-rate loan on its headquarters building in in Taunton, MA was arranged by Holliday Fenoglio Fowler LP and replaces a maturing loan on the property according to a Boston Business Journal article.
About 15% of the Class-A industrial building leased by Agar is dedicated to office use and underwent a 54,000 square foot expansion last year. "Through this expansion, we are able to serve our customers better and build efficiencies for the future. This will go a long way in improving how we help our customers grow their business," said Karen Bressler, president and CEO of Agar.
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