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Washington Trust Finances Two Retail Shopping Centers |
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| 2010/9/10 |
Washington Trust’s Commercial Real Estate Group recently provided $7,200,000 in financing to Linear Retail Smithfield #1, LLC and Linear Retail Raynham #1, LLC, for two retail shopping centers located at 400-420 Putnam Pike (Route 44) in Smithfield, R.I., and 325 New State Highway (Route 44) in Raynham, Mass. The Smithfield shopping center contains 35,130 square-feet of retail space, and the Raynham shopping center has 21,247 square feet of retail space.
“Both properties are located on prominent retail corridors with access to local residential areas as well as to major interstates," said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.
Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Julia Anne M. Slom, Senior Vice President, Commercial Real Estate Group, toll-free at 800-475-2265 x1430 or directly at 401-348-1430.
Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6424474&lang=en
News Source: Business Wire |
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| Contacts |
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Contact : Elizabeth B. Eckel
Company : Washington Trust
Country : United States
Telephone : 401-348-1309
Email : ebeckel@washtrust.com
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