Monday, September 28, 2015

EagleBridge Capital Arranges $20.75 Sale and $15M Mortgage for the Saint Francis Information Technology Center in Hartford, CT

Saint Francis Information Technology and Finance Center, 103 Woodland Street, Hartford, CT

Ted M. Sidel
Boston, MA -- EagleBridge Capital has arranged the $20,750,000 sale of as well as permanent mortgage financing in the amount of $15,000,000 for the Saint Francis Information Technology and Finance Center located at 103 Woodland Street, Hartford, Connecticut. 

The sale and financing were arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan. The non-recourse, long term fixed rate mortgage was provided by a major Connecticut based financial institution.

The five-story, 57,753 square foot Saint Francis Information Technology and Finance Center, is located on a 3.92 acre site across Woodland Street from the main campus of Saint Francis Hospital & Medical Center. The building is NNN leased to Saint Francis on a long term basis and houses administrative, IT, and finance offices.

 The Saint Francis Hospital & Medical Center is a 617 bed major teaching hospital and one of the largest hospitals in Connecticut. It is a regional referral center with major clinical concentrations in cardiology, oncology, orthopedics, women’s services, and rehabilitation. 

Brian D. Sheehan
In 2011, the hospital opened the ten-story, 318,000 square foot John T. O’Connell Tower featuring 135 private patient rooms,19 new operating rooms, a new emergency room with 70 treatment areas and 13 sheltered ambulance bays, and a rooftop heliport.

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for single tenant, shopping centers, apartments, office, industrial,  R & D, and medical buildings, mixed use properties, hotels, and condominiums as well as special purpose buildings.

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

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