EagleBridge Capital Arranges $6,240,000 Mortgage for Net Leased Boston Verizon Facility

Verizon facility, 173 Boston St., Boston, MA

Boston, MA -- EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $6,240,000 for the Verizon facility located at 173 Boston Street, Boston, Massachusetts.

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading financial institution.

Ted M. Sidel

The facility is net leased to Verizon New England which has been a tenant at 173 Boston Street for more than 38 years.  The complex serves as an important hub for Verizon within the City of Boston. Its location offers convenient road access to the City’s neighborhoods and downtown area.

Verizon occupies a mix of office and service space including a carport and a warehouse/service building with multiple drive-in doors.  The buildings total 56,870 square feet including 20,000 square feet of office space. 

Brian D. Sheehan

The 3.72 acre secure site offers ample parking for Verizon’s fleet of service vans and cherry pickers used to service, repair, and install telephone and internet service throughout the City of Boston.

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

Contact:

Ted Seidel,

(617) 292-7177

Extension 10

FAX: 617.292.7575

33 Broad St., Boston, MA 02109  

 www.eaglebridgecapital.com