Goedecke & Co. LLC recently announced it has arranged $16.3 million in first mortgage financing for the acquisition of a neighborhood shopping center in Waterbury.

Katz Properties will use the loan from Blue Hills Bank to invest in the 147,241-square-foot facility known as Mattatuck Commons on Wolcott Street. The building is anchored by Shop Rite, with other tenants including Goodwill, Royal Buffet, Sleepy’s, Taco Bell, GameStop and Denny’s.

“Katz is very comfortable having the market leader grocer (Shop Rite) as its anchor, performing well with above average sales. Katz has a solid plan for marketing and lease-up of the vacant space which will add significant value to this center,” Goedecke Principal Timothy Breda said in a statement.

Breda and Goedecke Senior Associate Kristin Zuckerman represented the buyer in securing the long-term, fixed-rate, non-recourse loan.