New Haven’s NewAlliance Bank is underwriting Griffin Land & Nurseries Inc.’s first real estate foray outside Connecticut.
New York-based Griffin Land, with operations in Bloomfield and land holdings throughout Connecticut, obtained a $4.3 million mortgage from NewAlliance to finance its previously announced purchase of an industrial building in Breinigsville, Pa., housing operations for Japanese camera and optical-products maker Olympus Corporation of America.
The 10-year loan bears a 6.5 percent fixed interest rate.
Separately, Griffin Land, Connecticut’s largest private landowner and a retail and wholesale nursery operator, declared a dividend of 10 cents a share to be paid on March 4 to shareholders of record as of Feb. 22.
