Killingly, CT On behalf of the affiliates of The Grossman Companies, CBRE/New England’s debt & structured finance team secured permanent financing with HarborOne Bank for 349 Lake Rd. CBRE/NE’s Kyle Juszczyszyn and Chris Coutts secured the financing.
HarborOne Bank provided an attractive, long-term fixed rate loan in the amount of $7.875 million to affiliates of The Grossman Cos. to refinance a maturing loan. 349 Lake Rd. is a 207,878 s/f industrial building situated on 20.74 acres. The property is currently 100% leased to C&M Corp. and Superwinch with a long-term parking lease to Rite Aid. Situated just half a mile from Exit 94 on I-395, 349 Lake Rd. offers access to New England via the region’s major thoroughfares.
349 Lake Road - Killingly, CT“We are pleased to have assisted The Grossman Companies with securing long-term, fixed-rate permanent financing for 349 Lake Road. HarborOne Bank provided attractive financing terms in a very competitive process,” said Juszczyszyn.
David Grossman, who oversees financing for The Grossman Cos., said, “It was great to work with the CBRE/NE team again who conducted a competitive and fully transparent process. We are pleased with the outcome and look forward to expanding our relationship with HarborOne.”
The Grossman Cos. is a family-owned commercial real estate investment, development and management firm. With approximately three million square feet of diversified holdings, The Grossman Companies is one of the most active and fastest growing commercial real estate firms in New England.
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
