CBRE/New England arranges $35.6 million financing for BJ's Plaza

On behalf of Samuels & Associates and Weiner Ventures, CBRE/New England's debt & equity finance team recently secured $35.6 million in first mortgage financing from Webster Bank for BJ's Plaza, a 131,324 s/f, BJ's Wholesale Club-anchored shopping center located at 106 Federal Rd. In addition to the 117,924 s/f freestanding BJ's Wholesale Club, BJ's Plaza has three freestanding outparcels consisting of a Bank of America, Savings Bank of Danbury and a to-be-built Chick-fil-A. The CBRE/NE team of Kyle Juszczyszyn, Carlos Febres-Mazzei and Josh Klimkiewicz negotiated the transaction on behalf of the owners, Samuels & Associates and Weiner Ventures. "The property received a tremendous amount of interest from the lending community due to its location and premier sponsorship. 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," said Juszczyszyn, senior vice president at CBRE/NE. CBRE Capital Markets is one of the leading providers of capital solutions and investment sales for the real estate investment community that leverages the strengths of CBRE, the world's leading real estate services firm, with more than 300 offices in 84 countries.