Katz Properties, a New York real estate investment, development and management company with offices in Boston, has purchased the Embassy Cinema in Waltham for $3.1 million.
cinema in the downtown was sold by Ship To Shore LLC. The Belmont firm
purchased the one-acre lot at 16 Pine St. in 1997 for $550,000 and built
the six screen theater the following year. It is assessed at $3.1
“While our focus remains on multi-tenant, supermarket-anchored
shopping centers, we are eager to take advantage of good opportunities
in the single-tenant, triple-net space, especially on a great corner in a
dynamic town like Waltham,” he said.
To read the full article: click here.
Wednesday, May 28, 2014
Tuesday, May 13, 2014
Katz Properties Acquires Giant at Milford MillBALTIMORE, MD. - The Southport office of Goedecke & Co., LLC has arranged $5,215,000 million in financing for the acquisition of Giant at Milford Mill, a 68,720 sf neighborhood shopping center anchored by Giant.
Goedecke Principal Timothy Breda, and senior associate Kristin Zuckerman worked exclusively on behalf of the buyer, to secure a long term, fixed rate, non-recourse loan from American Equity Investment Life Insurance Company. The borrower is a single purpose entity controlled by Katz Properties LLC, a full service real estate company that invests in the Northeast and Mid-Atlantic regions, with a focus on high quality grocery anchored centers in primary and secondary markets.
To continue reading, click here.