BOSTON–EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $8,800,000 for retail properties located in Nashua, New Hampshire and Springfield, MA.
The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who stated that the loan was provided by a leading national CMBS lender. The non-recourse, mortgage features an attractive fixed rate, 10 year term, and 30 year amortization.
Greenfall Marketplace, a 30,000 square foot shopping center, is located at 341-348 Amherst Street (Route 101A) in Nashua near the Route 3 (Everett Turnpike) Interchange. The center is leased to 13 tenants including Five Guys, Orange Leaf Yogart, Great Clips, N.E. Auto Finance, Tilted Kilt Pub, Jon Ric Spa, Orangetheory Fitness, Firehouse Subs, and Cricket Communications.
Located nearby is Somerset Plaza anchored by Market Basket, the Nashua Crown Plaza Hotel, and a number of retailers, restaurants, office buildings, and apartments.
Forest Park Shoppes, a 21,150 square foot retail center, is located at 473-479 Sumner Avenue (Route 83) in Springfield, Massachusetts. The tenants include Goodwill Shoppes, MercyCare (Mercy Medical Center) Forest Park which offers women’s health services, and International Mart, an Asian food market.