CBRE/New England assists The Grossman Cos. in $11.45 million acquisition

Marketplace Center - Warwick, RI

Warwick, RI On behalf of the affiliates of The Grossman Companies, Inc., CBRE/New England’s debt & structured finance team secured acquisition financing with HarborOne Bank for Marketplace Center.

CBRE/New England’s Kyle Juszczyszyn, Chris Coutts and Taylor Shepard secured the financing. HarborOne Bank provided $11.45 million in acquisition financing to affiliates of The Grossman Cos. for the purchase of Marketplace Center at 1500 Bald Hill Rd. Marketplace Center is a 203,613 s/f retail community center situated on 8.62 acres. The 74,416 s/f portion of the center that was purchased features a newly constructed LA Fitness, as well as a Michaels and Newbury Comics store.

Kyle Juszczyszyn, CBRE New England

Chris Coutts, CBRE New England

Taylor Shepard, CBRE/New England

“We are pleased to have assisted The Grossman Companies with procuring acquisition financing for Marketplace Center. HarborOne Bank provided competitive financing terms and was able to move quickly to finance the property within a tight timeline,” said Juszczyszyn.

David Grossman, who oversees debt financings for The Grossman Companies said, “It was great to work with the CBRE/New England team who ensured a transparent, smooth and competitive process. We are pleased with the outcome and to have established a new lending relationship with HarborOne, which we look forward to expanding.”