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EagleBridge Capital Arranges $11.6M Financing For New Beacon Street Retail Property

Sep 19, 2011 | Reprints | Unlock Link | Print

Boston’s EagleBridge Capital has arranged $11.6 million in mortgage financing for 1285 Beacon St. in Brookline, located in the town’s Coolidge Corner section. The financing was placed with an unnamed commercial real estate fund.

The two-story, 36,350-square-foot retail building on Beacon Street has two levels of underground parking with 50 spaces.

Tenants include Staples, Bodyscapes, a fitness and health club, and The Meat House, a premium quality butcher shop. 1285 Beacon, completed in 2008, is one of the only completely new retail buildings to be built in the Coolidge Corner district in the last decade. The building replaced a gas station which had occupied the site on the corner of Beacon Street and Charles Street for many years.

"We were able to come up with an innovative financing structure which allowed the owner maximum flexibility. We are pleased to have played a part in this very innovative project," said EagleBridge’s Brian D. Sheehan and Ted M. Sidel.

Banking & Lending