Boston, MA: EagleBridge Capital has arranged acquisition and permanent mortgage financing in the amount of $1,800,000 for CVS Plaza located in Southwick, Massachusetts to be anchored by a new CVS pharmacy.
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 commercial bank. Kevin Jennings of Jennings Real Estate Services was the sole broker in the transaction and Zachary Darrow, Esq. of the law firm DarrowEverett represented the borrower.
Mr. Sidel and Mr. Sheehan stated, “We are pleased that EagleBridge was able to structure the mortgage to provide a combination acquisition and permanent mortgage at a very competitive rate.”
CVS Plaza is located at 215 College Highway (Route 202/10) at the intersection of Vining Hill Road (Route 168). The Plaza will be developed in two phases. Phase One shall be a new free standing CVS pharmacy with a drive thru. Phase Two shall contain a multi-tenant retail strip. Located in the immediate area are The Big Y Supermarket/ Ocean State Job Lot Shopping Center, The Shops at Gillett Corner, and a McDonald’s Restaurant.
