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Washington Trust Provides $21.24 Million in Financing for Eight Industrial and Office Properties in Windsor, CT

WESTERLY, R.I., April 2, 2015 (GLOBE NEWSWIRE) -- Washington Trust's Commercial Real Estate Group, (Nasdaq:WASH), recently provided $21.24 million to The Real Group II, LLC, for the refinancing of eight separate Class A and Class B industrial and flex office buildings located in Windsor, CT.

The eight properties are located within one mile of each other in Windsor's Day Hill Road industrial corridor. Combined, the portfolio totals 317,580 square-feet of space including both single and multi-tenant properties. The Day Hill Road industrial corridor is easily accessible from Interstate 91 and Bradley International Airport in Windsor Locks.

"The current and future potential of these eight properties is heightened by their location," said Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer. "With its convenient access to transportation, the Hartford Metro region has become one of Connecticut's most active areas of development."

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 Timothy M. Pickering, Senior Vice President, Commercial Real Estate Group, at 401-348-1482 or 800-475-2265 ext. 1482.

ABOUT WASHINGTON TRUST

Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, small business banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (Nasdaq:WASH). Additional information on Washington Trust and its subsidiaries can be found at www.washtrust.com.

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

Source:The Washington Trust Company