Sunday, March 27, 2011
Boston, MA--EagleBridge Capital has arranged permanent mortgage financing totaling $2,090,000 for retail properties located in Connecticut and Rhode Island.
The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan (middle right photo) and Ted M. Sidel (bottom left photo) who stated that the loan was provided by a regional financial institution.
In Windham, Connecticut, EagleBridge arranged permanent financing for the acquisition of a free standing 7000 square foot building net leased to Advance Auto Parts located at 320 Boston Post Road (Route 1).
Located nearby are Home Depot, Super Walmart, Ruby Tuesday’s, Wendy’s and numerous other retailers.
Advance Auto Parts is a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items which serves both the do-it-yourself and professional installer markets. The Company operated over 3500 stores in 39 states, Puerto Rico, and the Virgin Islands.
In North Kingstown, Rhode Island, EagleBridge arranged mortgage financing for the 4850 square foot AT&T Plaza located at 6070 Post Road (Route 6).
The building is leased to AT & T Wireless and Great Harvest Bread Company (top left photo). A number of other stores and restaurants are located in the immediate area including TJ Maxx, HomeGoods, McDonalds, and CVS.
Mr. Sheehan and Mr. Sidel stated, “We are pleased that EagleBridge was able to structure and deliver two separate mortgages for our borrower which met all of his financing requirements for each property.”
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, condominiums, apartments, office, industrial, r & d buildings, hotels and mixed use properties as well as special purpose buildings.
Contact: Ted Sidel, (617) 292—7177, Extension 10
33 Broad Street, Boston, MA 02109 TEL: 617.292.7177 FAX: 617.292.7575