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| 33 Broad St. is an 11-story, 40,500-SF, 100% leased office building in Boston's Financial District |
Boston, MA -- EagleBridge Capital, has arranged permanent mortgage financing in the amount of
$9,000,000 for 33 Broad Street, Boston, Massachusetts.
The mortgage
financing was arranged by EagleBridge principal Ted. M. Sidel who stated
that the loan was provided by a leading regional financial institution.
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| Ted. M. Sidel |
33 Broad St. is an 11-story 40,500
s/f office building located in the Financial District. The property has been
completely updated and is served by three elevators.
The building is 100% leased.
State Street Eye Health and Expresso Love occupy the first floor retail space.
The upper floors are occupied by 18 office tenants including law firms,
accountants, consultants, foundations, financial advisors, real estate developers,
mutual funds, and money managers.
33 Broad Street. was
constructed in 1904. The building style is early Twentieth Century Renaissance
Revival and is included in the National Register of Historic Places as part of
the Custom House District.
33 Broad Street was designed by the
leading architectural firm of its day, Shepley Rutan and Coolidge, the
predecessor of the noted architectural firm Shepley Bullfinch.
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| Boston financial district skyline |
Mr. Sidel stated, “Based on the
quality of the property we were able to provide nonrecourse financing featuring
a sub 3% rate for its entire 10 year term.”
EagleBridge Capital is a New England based independent mortgage banking firm with offices in Boston and Fairfield, CT. 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.
EagleBridge is a founding member of
Commercial Real Estate Capital Advisors, a group of 11 independent commercial
real estate finance firms located throughout the United States.
CONTACT:
Stanley J. Sidel
Senior Advisor
EagleBridge Capital
One Boston Place, Suite 2600
Boston, MA 02108
Tel: 617-292-7177 Ext.12
Fax: 617-292-7575
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