EAGLEBRIDGE ARRANGES $3.47 MILLION ACQUISITION LOAN IN MASS.

MILLBURY, MASS. — Boston-based EagleBridge Capital has arranged $3.47 million in permanent acquisition financing for a 31,340-square-foot industrial property in Millbury. The warehouse/distribution center is located on 5.8 acres at 10 Latti Farm Road. It features 26-foot ceiling heights and 19 loading docks. The borrower/buyer, Campanelli Cos., plans to redevelop the property by adding 10 loading docks and 10 parking space. The parking lot will also be resurfaced. Ted Sidel and Brian Sheehan of EagleBridge arranged the financing on behalf of Campanelli through a commercial bank. Peter Brown provided in-house representation to Campanelli in the acquisition, while the undisclosed seller was represented by Jason Madden and Michael Chapin of The Madden Group.