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Washington Trust Provides $3.5 Million in Financing for Mixed-Use Portfolio in South Windsor, CT

WESTERLY, R.I., Aug. 03, 2016 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group recently provided $3.5 million to South Windsor Realty Co., LLC, for the refinancing and tenant improvements of an eight-building, mixed use office and retail portfolio in South Windsor, Connecticut. Located on 453-497 Buckland Road, and 152 Deming Street in South Windsor, the buildings contain a combined total of 53,451 square-feet of rentable space on 12.37 acres. Within that space, 46,461 square-feet is mixed-use office space while the additional 6,990 square-feet is retail.

“We are pleased to have been able to offer a financing solution that worked well for this project located in the heart of South Windsor,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “The office space at the center is an important location for many of the local service providers.”

South Windsor Realty Co., LLC is a limited liability company formed in 2002 for the purpose of acquiring the portfolio.

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 Suzanne Walsh Erno, Vice President, Connecticut Commercial Real Estate Group, at 401-348-1492 or 800-475-2265 ext. 1492.

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 https://www.washtrust.com/.

MEDIA CONTACT: Tony Nunes Public Relations 401.348.1657 ajnunes@washtrust.com

Source:The Washington Trust Company