 |
| Rite Aid Building, 7821 Third Avenue, Brooklyn, NY |
Boston, MA -- EagleBridge
Capital has arranged permanent mortgage financing in the amount of $6,000,000
for the Rite Aid Building located at 7821
Third Avenue at the corner of 79th Street in Brooklyn, New York.
 |
| Brian D. Sheehan |
The mortgage financing was
arranged by EagleBridge principals Brian
D. Sheehan and Ted M. Sidel who stated that the loan was provided by a
leading financial institution.
The first floor (9600
square feet) is leased to a Rite Aid Pharmacy which has been a tenant since
1997. The second floor (9600 square
feet) is leased to Tutor Time which has been a tenant since 1999.
Rite Aid is one of the
largest operators of drugstores in the United States with over 4560 pharmacies
in 31 states and the District of Columbia. Tutor Time is a national pre-school
early education child care provider with over 200 schools throughout the United
States. Tutor Time is a subsidiary of Learning Care Group.
Mr. Sheehan and Mr. Sidel
stated, “We are pleased that EagleBridge was able to arrange non-recourse
financing featuring a very attractive 10 year fixed rate and a 30 year
amortization.”
 |
| Ted M. Sidel |
EagleBridge Capital is a
Boston-based mortgage banking firm specializing in arranging debt and equity
financing as well as joint ventures for apartment, shopping center, free
standing retail, office, industrial, r & d, hotel, condominium, and mixed use
properties as well as special purpose buildings throughout New England and the
United States.
For a complete copy of the company’s news release,
please contact:
Stanley J. Sidel
Senior Advisor
EagleBridge Capital
33 Broad Street
Boston, MA 02109
Tel: 617-292-7177 Ext.14
No comments:
Post a Comment