TAUNTON,
Mass., May 16, 2023 /PRNewswire/
-- Washington Trust's Commercial Real Estate Group recently
provided $3.9 million in financing to
a Berkeley Partners entity for the acquisition of an 34,236 square
foot, fully leased industrial property located at 75 John Hancock
Road in Taunton, Mass.
The subject property is conveniently located in the Metro South
industrial market with great highway access in close proximity to
Interstates 95 and 495, as well as Routes 24 and 44. "We are
excited to expand our relationship with Berkeley Partners, which
own and operate more than 10 million square feet of light
industrial real estate in some of the fastest growing U.S. cities
and sub-markets," 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 Bethany Lyons, Vice President, Commercial Real
Estate Group, at 401-348-1538.
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.)
ABOUT BERKELEY PARTNERS
Berkeley Partners, along with
its affiliated entities, is a fully integrated principal investment
firm focused exclusively on industrial real estate. Since
2005, its affiliates have sponsored a series of value-add and
core-plus investment vehicles dedicated to the light industrial
sector. The Firm's vertically integrated platform includes
competencies in asset management, property management, leasing
management and construction management. As of December 31, 2022, Berkeley Partners owns and
operates approximately 10.0 million square feet of light industrial
real estate with $2.2 billion of
assets under management across targeted growth and gateway markets
within the United States.
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SOURCE The Washington Trust Company