Washington Trust provides $19.5 million financing for 148,000 s/f

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.