BOSTON– EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $9 million for the Verizon facility located at 173 Boston Street in Boston.
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 financial institution.
The facility is net leased to Verizon and serves as as an important hub for Verizon within the City of Boston. Its location offers convenient road access to the City’s neighborhoods and downtown area as well as Route 93.
Verizon occupies a mix of office and service space including a carport and a warehouse/service building with multiple drive-in doors. The buildings total 57,600 square feet including 20,000 square feet of office space.
The 3.88 acre secure site offers ample parking for Verizon’s fleet of service vans and cherry pickers used to service, repair, and install telephone and internet service throughout the City of Boston.