WESTERLY, R.I., Nov. 02, 2015 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group (Nasdaq:WASH) recently provided $25 million to SCC Investments, LLC, SCC Investments II, LLC and Green Tree Realty, LLC, for the refinancing of the 17 building, mixed-use Village at South County Commons located in South Kingstown, RI.
South County Commons opened in 2003 and is considered one of southern Rhode Island’s premiere destinations for shopping, dining, professional services, entertainment and living. Today, The Village at South County Commons is situated on 30 acres and includes 17 buildings with a total of 200,000 square-feet of space. The Commons is currently home to more than 70 tenants which include retail, restaurant, professional office and medical space as well as a Hampton Inn, luxury apartments, condominiums, independent and assisted living facilities, an eight-screen cinema, spa, and fitness center.
“Our clients have developed a real destination providing the only true lifestyle center in Southern Rhode Island,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “With its excellent positioning and leisure amenities, the Commons has much to offer both its office and retail clients as well as the surrounding South County communities.”
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 Catherine Fusco, Vice President, Commercial Lending, at 401-348-1681 or 800-475-2265 ext. 1681.
ABOUT WASHINGTON TRUST®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage 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.
MEDIA CONTACT: Tony Nunes Public Relations 401.348.1657 firstname.lastname@example.org
Source:The Washington Trust Company