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Holbrook Shopping Center Gets $3.5M In Financing

Dec 13, 2010 | Reprints | Unlock Link | Print

Rendering of Highland Plaza A 45,000-square-foot shopping center in Holbrook recently received $3.5 million in financing from Westerly, R.I.’s Washington Trust’s Commercial Real Estate Group for renovations.

The renovations at Highland Plaza, located at 438 North Franklin St., will require the relocation of the existing Family Dollar store, according to a statement. A standalone CVS Pharmacy will be constructed and landscaping, along with other aesthetic improvements, will be made to the shopping center.

"Highland Plaza LLC’s renovation plans for this property make it an ideal location for a major retailer like CVS," said Joseph J. MarcAurele, Washington Trust president, chairman and CEO. "The exterior renovations make it a much more pleasing space for the existing tenants."

Commercial & Industrial