EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $2.48 million for Dollar Tree Plaza.
The mortgage financing was arranged by EagleBridge principals Ted Sidel and Brian Sheehan who stated that the loan was provided by a regional financial institution.
Dollar Tree Plaza is a 21,000 s/f shopping center situated at 26 Lafayette Rd. (Rte. 1). The plaza was completed in 2008 and is composed of 18,000 s/f of in-line retail space and a free standing bank with a drive through. The plaza is located in a thriving retail area. Located nearby are Home Depot, Shaw's Supermarket, Marshall's, and other retailers.
The roster of tenants includes Dollar Tree which occupies 10,000 s/f, AutoZone which occupies 8,000 s/f, and Optima Bank and Trust with 3,000 s/f.
Sidel and Sheehan said, "We are pleased that EagleBridge was able to structure and deliver a mortgage which met all of our client's requirements."
EagleBridge Capital 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 buildings, hotels and mixed use properties as well as special purpose buildings.