News: Financial Digest
Posted: October 14, 2022
Sidel of EagleBridge Capital places $7.34 million financing for for a NNN leased Walgreens pharmacy in Lowell, MA
Lowell, MA EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $7.34 million for a NNN leased Walgreens pharmacy. The financing was arranged by EagleBridge principal, Ted Sidel.
The class A single-story free standing building contains 15,000 s/f and is situated on a 1.5-acre site with 61 parking spaces on Middlesex St. in an area of free-standing retail buildings, shopping centers, and apartment buildings. National tenants located nearby include Santander Bank, Family Dollar, Advanced Auto Parts, Wendy’s, Taco Bell, Jiffy Lube, and the US Postal Service.
Lowell General Hospital, a 445-bed hospital serving the city and surrounding communities, is located two miles from the Walgreens site.
The main campus of the University of Lowell, with over 18,000 students, is located within a ten minute drive.
Tags:
Financial Digest
MORE FROM Financial Digest
Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Columns and Thought Leadership
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
