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NSB Lending Team Assists Danvers Indoor Sports With Expansion Goals

18  November 2014
NSB Lending Team Assists Danvers Indoor Sports With Expansion Goals

Peabody, MA (www.northshore-bank.com) — North Shore Bank lenders and Senior Executives were on hand for the recent ribbon cutting at Danvers Indoor Sports’ new 80,000 square foot expansion. Located at 150 Andover Street in Danvers, this complex boasts over 160,000 square feet of turf fields and all-sports courts, catering to a variety of individuals, area schools and club teams.

The original facility, built in 2011, included turf fields for soccer, lacrosse, field hockey and one all-sports court. However, within three years of its completion, the developers quickly recognized that demand for the facility was exceeding capacity and that by expanding they could not only increase field space but also offer educational and training programs for coaches and referees. As part of the ribbon cutting ceremony, Danvers Indoor Sports, LLC, Manager, Kelly Cragg, spoke at length about the evolution of the complex as well as the additional programs now offered at the facility.

North Shore Bank provided development financing to Classico LLC and MRS Management for both the first and second phases of the project — the most recent consisting of a full-sized turf soccer field and four new all-sport courts. Reflecting on his experience with the bank, Classico, LLC Manager, Mark Mscisz, related:

“We couldn’t be happier with the treatment that we’ve received from North Shore Bank. They embraced our vision right from the very beginning of the project and throughout the process they have been extremely flexible and responsive to our needs.”

According to Steve Pettengill, Vice President and North Shore Bank Commercial Real Estate Lender:

“It’s hard to envision a real estate project that could be more beneficial to the greater community. While it obviously made sense to the bank from a business standpoint, it’s really quite rewarding to know that such a broad cross-section of individuals and groups take advantage of the facility on a daily basis.” Pettengill went on to say: “It’s especially gratifying to know that the construction phase employed anywhere between 450 and 500 individuals and that the completed complex has staff of 70 full and part-time employees.”

Danvers Indoor Sports is a state-of-the-art indoor sports facility, dedicated to providing youth with a safe environment in which to be active year-round. DIS promotes sports such as soccer, basketball, lacrosse and field hockey and offers other sports and activities throughout the year. These programs teach children how to work as a team to achieve a common goal, encourage healthy competition and support positive physical and emotional self-esteem.

North Shore Bank is a full-service community bank based in Peabody, Massachusetts and serving the personal and business banking needs of the North Shore, Eastern Massachusetts and Southern New Hampshire.

Photo Caption: North Shore Bank lenders and Senior Executives were on hand for the recent ribbon cutting at Danvers Indoor Sports’ new 80,000 square foot expansion. Pictured from left to right: Steven Mscisz, Classico, LLC; Steve Pettengill, VP, North Shore Bank; Mike Brown, SVP, North Shore Bank; Kevin Tierney, President & COO, North Shore Bank; David LaFlamme, CEO, North Shore Bank; and, Mark Mscisz, Classico, LLC (not pictured, Kelly Cragg, Danvers Insdor Sports, LLC, Manager).

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