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| CVS Plaza, Tiverton, RI |
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| Ted M. Sidel |
Boston, MA -- EagleBridge Capital has arranged
permanent mortgage financing in the amount of $6,440,000 for CVS Plaza located
in Tiverton, Rhode Island.
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 CMBS lender.
The law firm of DarrowEverett,
represented the borrower in closing the loan.
CVS Plaza is located at 500 Main Road
(Route 138). The property is anchored by a free-standing 13,500 sf
CVS pharmacy . Other Plaza tenants include The Saconnet River Grille and an
Allstate insurance agency located in an adjacent building.
Mr. Sidel and Mr. Sheehan stated, “We are
pleased that EagleBridge was able to meet the borrower’s requirements and
arrange a very competitive long term fixed-rate financing on a non-recourse
basis featuring a most attractive rate, term, and amortization.
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| Brian D. Sheehan |
CVS operates over 9700 retail pharmacies
across the country with over 65 located in Rhode Island and is part of CVS
Health Corporation.
EagleBridge Capital is a Boston-based
mortgage banking firm specializing in arranging debt and equity financing as
well as joint ventures for shopping centers, apartments, office, industrial,
and r & d buildings, hotels, condominiums, and mixed use properties as well
as special purpose buildings.
For more information, please contact:
Stanley J. Sidel
Senior Advisor
EagleBridge Capital
One Boston Place, Suite 2600
Boston, MA 02108
Tel: 617-292-7177 Ext. 300
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