A New York-based real estate investor has acquired Freshwater/Stateline Plaza, a 300,588-square-foot shopping center anchored by Costco in Enfield.

The Westport office of Goedecke & Co. LLC arranged $16.9 million in first mortgage financing from Nationwide Life Insurance on behalf of Katz Properties LLC, which partnered with GHC Development of New York City. The seller was Brixmor, a New York City-based REIT.

Located on Elm Street and Freshwater Boulevard, the center’s tenants include Dick’s Sporting Goods, P.C. Richard & Son, Dollar Tree, Jo-Ann Fabrics and Autozone.

“Katz feels that this is a strong relative value investment given the high credit and good sales of the primary anchor. The center has also had a long history of high occupancy with good quality tenants,” Timothy Breda, a Goedecke principal, said in a statement.

Breda and senior associate Kristen Zuckerman sourced the fixed-rate, long-term non-recourse loan from Nationwide.