CBRE/New England’s Debt & Equity Finance team recently secured first mortgage financing from Jefferies LoanCore totaling $60 million for The Launch at Hingham Shipyard, a 246,000-square-foot, transit-oriented, waterfront shopping center in Hingham.
The CBRE/New England Debt & Equity Finance team of Carlos Febres-Mazzei, Kyle Juszczyszyn and Josh Klimkiewicz negotiated the transaction on behalf of the owner, Samuels & Associates.
"The Launch at Hingham Shipyard is positioned to be a premier waterfront retail, office and entertainment destination along Boston’s scenic South Shore," CBRE/NE’s Kyle Juszczyszyn, Senior Vice President, said in a statement. "The Launch at Hingham Shipyard has benefited from recent successes following the announcement of a new Trader Joe’s store and Union Fish seafood restaurant. The strong sponsorship and quality of the asset created a very competitive selection process. We look forward to building on the success of this complex transaction with some of our upcoming assignments."
Samuels & Associates opened the first phase of The Launch at Hingham Shipyard in spring 2010, which upon completion will encompass 217,084 square feet of retail, 28,682 square feet of office space and 94 condominiums called "The Moorings." Anchor tenants include Fresh Market, Old Navy, Bed Bath & Beyond, Patriot Cinemas, and Trader Joe’s, which is currently under construction.
