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Washington Trust Finances Charles River Realty's Acquisition of Two Commercial Parcels in Dedham, MA

WESTERLY, R.I., Sept. 8, 2014 (GLOBE NEWSWIRE) -- Washington Trust's Commercial Real Estate Group recently financed the acquisition of two parcels of land, located at 865 and 875 Providence Highway in Dedham, MA, directly across from Legacy Place, an open-air shopping, dining, and entertainment venue. The borrowing entity is an affiliate of Charles River Realty Group, a West Roxbury, MA-based real estate investment company.

"The parcels offer a prime location for new retailers looking to expand into Dedham," stated Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer. "They provide excellent visibility off of Providence Highway; are located across from the popular Legacy Place; and are just 25 minutes from downtown Boston."

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 Bethany Lyons, Vice President, Commercial Real Estate Group, at 401-348-1538 or 800-475-2265 ext. 1538.

ABOUT WASHINGTON TRUST

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:WASH).

CONTACT: Anthony Nunes Marketing Department 401.348.1657 ajnunes@washtrust.com

Source:The Washington Trust Company