CBRE/New England’s Debt & Structured Finance team secured $7.25 million of first mortgage financing from Blue Hills Bank for 20 Seyon St.in Watertown on behalf of Calare Properties.

The property, which consists of 94,268 square feet of industrial/flex space, is located approximately 7.5 miles from downtown Boston and leased to Saks Fifth Avenue and Launch Trampoline Park.

“20 Seyon is an attractive investment for Calare that we believe will provide stable, long-term cash flow and a strong risk-adjusted return,” Andrew Iglowski, director of acquisitions at Calare Properties, said in a statement. “This asset is uniquely positioned to benefit from its urban infill location, increasing tenant demand for functional warehouse space and diminishing supply due to the rapid redevelopment within the Watertown/Waltham industrial submarket, particularly along the Pleasant Street corridor.”

Calare also purchased 40 Pepes Farm Road in Milford, Conn. for $6.6 million with funding from Inland Mortgage Capital, in a sale brokered by CBRE/New England. The property is a high-bay warehouse and distribution site comprised of 200,000 square feet.