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| 25-30 West Street, Ladder District, Downtown Boston, MA |
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| Ted M. Sidel |
Boston, MA -- EagleBridge Capital has arranged
acquisition/permanent mortgage financing in the amount of $16,000,000 for 26-30 West Street, a 53,000 square foot
office and retail building located in the heart of the Ladder District in
downtown Boston, Massachusetts.
The non-recourse mortgage
financing was arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan with a regional financial
institution on behalf of its client and features a very attractive rate, and a
ten year term with a thirty year amortization period commencing upon completion
of a generous I/O period..
The six-story, 53,000
square foot building was constructed in 1910 and renovated in 2006. The
building has undergone significant modernization and upgrading including core,
cooling and heating system, electrical system, and elevators.
26-30 West Street is
leased to the Service Employees International Union (SEIU) Local 32BJ which
occupies 35,500 square feet of office space and Empire Beauty School which
occupies 17,500 square feet of retail-school space.
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| Brian D. Sheehan |
SEIU represents 18,000
property service workers in Massachusetts, Rhode Island, and New
Hampshire. Empire Beauty School is a
member of the Empire Education Group, the leading group of cosmetology schools
in the United States with 89 schools in 29 states.
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. 300
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