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December 8, 2010 Contacts: JANET N. KROLMAN GREGORY F. LABINE KRISTEN M. MURPHY
HFF Director HFF Director HFF Associate Director, Marketing (617) 338-0990 (617) 338-0990 (713) 852-3500  jkrolman@hfflp.com glabine@hfflp.com krmurphy@hfflp.com
HFF arranges $9.2 million construction loan for BJ’s Wholesale Club in western Massachusetts
BOSTON, MA
 – 
 
The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $9.2 million construction loan for a to-be-built, 85,188-square-foot BJ’s Wholesale Club in Pittsfield, Massachusetts. 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 Corporation 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, New York,” said Krolman. Formed in 1998, Saxon Partners is a retail and residential developer focused on the New England region. Their projects include Colony Place, the region’s largest open-air shopping center and Oak Point Retirement Community, the region’s largest active adult retirement community. Cape Breton Corporation, headquartered in Braintree, Massachusetts, is a real estate development company specializing in the site acquisition and local permitting of retail buildings and shopping centers. -more-
 
HFF arranges $9.2 million construction/mini-perm loan for a BJ’s Wholesale Club in western Massachusetts Page Two
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. www.hfflp.com. ###

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