DOVER, N.H.,
June 22,
2023 /PRNewswire/ -- Washington Trust's
Commercial Real Estate Group recently provided $7.4 million in financing to 44 Industrial Drive
Owner, LLC, an affiliate of RJ Kelly (RJK), for the purchase of an
80,000 square foot, fully leased industrial property located at 44
Industrial Drive in Dover,
N.H.
RJ Kelly (RJK) is a New England-based, vertically integrated
commercial real estate firm founded in 1951 and headquartered in
Burlington, Mass. Since its
inception 60 years ago, the company has invested in and/or
developed over ten million square feet of commercial space,
hundreds of multi-family and single-family residential dwellings
and self-storage facilities. "We are excited to expand our
relationship with RJ Kelly, who continues to meet market demand for
industrial users," 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.)
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SOURCE The Washington Trust Company