EagleBridge Capital has arranged construction and permanent mortgage financing in the amount of $1.275 million for Williamstown Plaza.
The mortgage financing was arranged by EagleBridge principals Ted Sidel and Brian Sheehan who stated that the loan was provided by a regional thrift institution.
Williamstown Plaza is a 10,235 s/f neighborhood shopping center located at 384 Main St. (Rte. 2). The financing included the build-out of a new 8,860 s/f Dollar General store and the repayment of an existing mortgage.
The Plaza is NNN to Dollar General (8,860 s/f) and Subway (1,375 s/f). Dollar General is one of the largest retailers by number of stores in the United States with 10,700 stores in 40 states. Its stores sell private and national branded items that are frequently used and replenished including food, snacks, health and beauty aids, cleaning supplies, basic apparel, and housewares at everyday low prices. Subway is a chain of more than 40,000 restaurants located in 102 countries worldwide.
EagleBridge is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, condominiums, apartments, office, industrial, r & d and medical buildings, hotels and mixed use properties as well as special purpose buildings.