Washington Trust Provides $19.5 Million in Financing for Multi-Tenant Retail Center in Waterbury, CT
July 09, 2018
July 9, 2018
Waterbury, CT– Washington Trust’s Commercial Real Estate Group recently provided $19.5 million to Waterbury MZL, LLC, for the refinancing of Mattatuck Commons, a multi-tenant retail center in Waterbury, Connecticut.
Mattatuck Commons is a 148,000 square foot 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 Street.
“Washington Trust is pleased to continue our relationship with Katz Properties,” said Julia Anne M. Slom, Senior Vice President & 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.
Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Timothy Pickering, Senior Vice President, Commercial Real Estate Group, at 401-348-1482 or 1-800-475-2265 ext. 1482.
ABOUT WASHINGTON TRUST
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.