Boston, MA --Ted M. Sidel (middle right photo) and Brian D. Sheehan (lower left photo) of EagleBridge Capital have arranged long term, fixed rate mortgage financing in the amount of $10,000,000 for the 9/27 Shopping Center (top left photo) located in Natick, Massachusetts. EagleBridge arranged the financing with a leading insurance company.
The 9/27 Shopping Center is an 85,060 square foot retail center anchored by a Super Stop & Shop Supermarket located at the intersection of Routes 9 and 27. Route 9 is a major retail corridor especially along the portionwhich extends through Natick and Framingham.
The center is 100% leased. In addition to Super Stop & Shop, other tenants include Panera Bread, Aspen Dental, Music Go Round, Five Guys Burgers, Boston Tan, The UPS Store, Haircuts, LTD, and Scottrade, Inc.The 9/27 Shopping Center is professionally managed by Finard Properties and was developed in the late 1970’s by an affiliated entity. The center has been continuously updated over the subsequent years and has been a consistently strong performer.
Mr. Sidel and Mr. Sheehan stated, “This is an outstanding property with a great location. Average daily traffic count is 55,000. There was a great deal of interest in this center from insurance companies, CMBS lenders, and banks. The potential lenders were extremely impressed with the quality of the center and its management.”
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for retail buildings, shopping centers, condominiums, apartments, office, industrial, and r & d buildings, hotels, and mixed use properties as well as special purpose buildings.
Contact: Ted Sidel, (617) 292-7177, Ext. 10
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