News:
Brokerage
Posted: July 27, 2018
Washington Trust provides $19.5 million financing for 148,000 s/f
Washington Trust
Waterbury, CT Washington Trust’s Commercial Real Estate Group provided $19.5 million to Waterbury MZL, LLC, for the refinancing of Mattatuck Commons, a multi-tenant retail center.
Mattatuck Commons is a 148,000 s/f shopping center anchored by an established Shop Rite and supported by Aspire Fitness and national retailers including Mattress Firm, Gamestop, Denny’s and Taco Bell. Located in the heart of Waterbury’s primary retail corridor, the center benefits from the high visibility along Wolcott St.
“Washington Trust is pleased to continue our relationship with Katz Properties,” said Julia Anne Slom, senior vice president and team leader of Washington Trust’s Commercial Real Estate Group. “This property is centrally located and tenancy is well balanced and meets the daily needs of the local shoppers with grocery, restaurant and other services.”
Waterbury MZL, LLC, is a single asset limited liability company of Katz Properties, a real estate investment, development and management company established in Boston in 2003.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.