BROOKFIELD, CT-CBRE/New England's debt & equity finance team has secured first mortgage financing for BJ's Plaza, a 131,324-square-foot shopping center anchored by BJ's Wholesale Club at 106 Federal Rd. here. The financing from Webster Bank was secured on behalf of owners Samuels & Associates and Weiner Ventures.
In addition to the 117,924-square-foot, freestanding BJ's, the center also contains three freestanding outparcels consisting of a Bank of America, Savings Bank of Danbury and a to-be-built Chick-fil-A. CBRE/NE's Kyle Juszczyszyn, Carlos Febres-Mazzei and Josh Klimkiewicz negotiated the deal.
“The property received a tremendous amount of interest from the lending community due to its location and premier sponsorship,” says Juszczyszyn, an SVP with CBRE/NE. “Webster Bank was very competitive and executed the deal flawlessly. It was a pleasure to be able to work with Claudia Piper from Webster Bank on this transaction.”
Boston-based Samuels & Associates broke ground on the BJ's in 2012, opening the property at year's end. It was built at the north end of a long-vacant shopping center.
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