Monday, September 16, 2013

EagleBridge Capital Arranges $11,080,000 Mortgage For St. Francis Hospital Administration Building in Hartford, CT


                  103 Woodland Street, Hartford, CT leased to St. Francis Hospital Medical Center
 
Ted M. Sidel
Boston, MA -- EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $11,080,000 for 103 Woodland Street, Hartford, Connecticut which is leased to St. Francis Hospital Medical Center.

The mortgage financing was arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan with a regional financial institution on behalf of its client, The Keystone Companies, Simsbury, Connecticut.

The five-story, 57,753 square foot building is located on a 3.91 acre site across Woodland Street from the main campus of St. Francis Hospital Medical Center.  

Brian D. Sheehan
The building formerly housed VNA Healthcare.  103 Woodland Street is NNN leased to the hospital on a long term basis. It will house administrative, IT, and finance offices.

The building is undergoing significant modernization and rehab which will include buildout of new office space as well as upgrading of the roof, core, electrical system, and elevators.

 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.

 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.

John T. O'Connell Tower, Hartford, CT
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for mixed use properties, shopping centers, apartments, office, industrial, R & D, and medical buildings, 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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