The Boston office of Holliday Fenoglio Fowler L.P. (HFF) has arranged a $9.2 million construction loan for a to-be-built, 85,188-square-foot BJ’s Wholesale Club in Pittsfield.

HFF directors Janet Krolman and Greg LaBine and senior real estate analyst Lauren O’Neil worked exclusively on behalf of the borrower, a joint venture between Saxon Partners and Cape Breton Corp. to secure the loan through Sovereign Santander Bank.

The BJ’s Wholesale Club will include a free-standing building plus a fueling station. The 11.5-acre site is located along Hubbard Avenue adjacent to Berkshire Crossing and close to Route 9 and downtown Pittsfield.

"The new BJ’s in Pittsfield will satisfy the demand for a warehouse club for much of the Berkshires, as the closest wholesale warehouse club is located 31 miles to the west in Albany, N.Y.," said Krolman.

 

HFF Arranges $9.2M Construction Loan For Pittsfield BJ’s Wholesale Club

by Banker & Tradesman time to read: 1 min
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