EAGLEBRIDGE CAPITAL ARRANGES $5.4 MILLION IN FINANCING

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TIVERTON, R.I. — EagleBridge Capital has arranged $5.4 million in acquisition and permanent mortgage financing for CVS Plaza located at 500 Main Rd. in Tiverton. A new free-standing 13,500-square-foot CVS pharmacy is slated to be constructed on the site, and a retail strip currently located on the site will be fully renovated. The existing retail strip contains 5,000 square feet of space and is being redeveloped for multi-tenant use. Ted Sidel and Brian Sheehan of EagleBridge arranged the financing, which was provided by a multi-state commercial bank. Zachary Darrow, Esq., of DarrowEverett, represented the borrower in negotiating the lease with CVS and at the loan closing.

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