TRUMBULL, Conn., June 5, 2023
/PRNewswire/ -- Washington Trust's Commercial Real Estate
Group recently provided $1.527
million in financing to 140 Corporate Drive Investors, LLC
for the acquisition of a 17,796 square foot single-tenant
industrial property located in Trumbull,
Conn.
The subject property is currently occupied by a local
manufacturing company in an active industrial park with convenient
access to I-95 and I-84, as well as CT Route 25. "We are
excited to provide financing for this type of light industrial
property which, in the greater Fairfield market, is of high demand but
limited supply," 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