EAST
HARTFORD, Conn., May 1, 2023
/PRNewswire/ -- Washington Trust's Commercial Real Estate
Group recently provided $2.2 million
in financing to BHD 12-14 Realty, LLC
secured by an 81,250 square foot industrial property located at
12-14 Eastern Park Road in East Hartford,
Conn.
The subject property, currently occupied by four tenants, is
located in an area heavily developed with industrial properties
with very favorable highway access to I-84 and I-91. "We are
excited to provide financing for this type of light industrial
property in the greater Hartford
market, which has seen continued growth of distribution warehouses
that service the northeast corridor between New York City and Boston," said Julia
Anne M. Slom, Washington Trust's Executive Vice President
& Chief Commercial Real Estate 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 Brett Eagleson, Vice President, Commercial Real
Estate Group, at 860-415-7053.
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 washtrust.com.
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SOURCE The Washington Trust Company