Refinance loan secured for Westport’s Playhouse Square shopping center





CBRE Capital Markets’ Debt and Structured Finance team closed a $15.25 million loan to refinance Playhouse Square Mall, a 40,000 square foot unanchored shopping center in Westport.

Funding was provided by Union Savings Bank and paid off existing debt and provided over $2 million in additional funding. CBRE’s Mark Fisher and Alex Furnary arranged the loan on behalf of the borrower, The HB Nitkin Group.

Playhouse Square was built in 1972 and acquired by HB Nitkin in 1998. Located at 275 Post Road East, it is currently 97% leased with 17 tenants.






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Phil Hall’s writing for Westfair Communications has won numerous Connecticut Press Club and Connecticut Society of Professional Journalists awards. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release “Moby Dick: The Radio Play” and the upcoming “Jesus Christ Movie Star”, both published by BearManor Media ). He is also the host of the SoundCloud podcast “The Online Movie Show”, co-host of the WAPJ-FM talk show “Nutmeg Chatter” and writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog, Profit Confidential, The MReport, and StockNews.com. Outside of journalism, he’s also a horror movie actor – usually playing the creepy villain who is gravely killed off at the end of each movie.