Samuels & Associates Gets $60M in Financing for The Launch at Hingham Shipyard
Jefferies LoanCore has provided first mortgage financing totaling $60 million for The Launch at Hingham Shipyard, the 246,000 square foot, transit-oriented, waterfront destination shopping center in Hingham, Mass.
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.
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.
The Launch at Hingham Shipyard is beside the MBTA high-speed ferry terminal, and the project has been specifically designed to highlight the waterfront appeal of the marina with a promenade along the harborside. The project’s integration with an adjacent apartment and townhome community has created a mixed-use destination.
“The Launch at Hingham Shipyard is positioned to be a premier waterfront retail, office and entertainment destination along Boston’s scenic South Shore,” noted CBRE/NE’s Kyle Juszczyszyn, Senior Vice President.
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