Washington Trust Finances $4.6 Million Boston Property

Washington Trust Finances $4.6 Million Boston Property (Photo: Business Wire)

Office Building Located in Historic Financial District

WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust’s Commercial Real Estate Group recently provided $4,600,000 in commercial mortgage financing to Taurus CD 153 Batterymarch Street Limited Partnership to refinance a six story, 34,521 square foot office building located at 22 Batterymarch Street in Boston, Mass.

Washington Trust Finances $4.6 Million Boston Property (Photo: Business Wire)

The distinctive, historic property is a multi-tenanted office building located in the heart of Boston’s Financial District. Built in 1890 by the Episcopal Church of Boston, the building was originally used as a home for sailors. Between 1950 and 1970 the building functioned as the home of the Harvard Club. Taurus Investment Holdings LLC’s international office is headquartered at the site.

“This is an exceptional property because of its location — not only is it situated in Boston’s Financial District, but it’s in close proximity to the State House, Faneuil Hall, Downtown Crossing and the Boston Waterfront,” 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 Laurel Bowerman, Vice President, Commercial Real Estate Group, 401-654-4847 or 1-800-475-2265 ext. 8247.

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).

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Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing

Source: Washington Trust