Washington
Trust’s Commercial
Real Estate Group recently provided a $4.2 million
commercial mortgage to Parkingway Acquisitions, LLC for the purchase of
a two-building multi-use property in the Greater Boston, Massachusetts
area. The property, located at 150-152 Parkingway/ 31
Hancock Court in Quincy, Massachusetts, is situated on 55,265 square
feel of land, and consists of 57,995 square feet of retail and office
space and 119 parking spaces.
Washington Trust provided $4.2 million in commercial real estate financing to Parkingway Acquisitions, LLC for multi-use property at 150-152 Parkingway/ 31 Hancock Court in Quincy, Massachusetts, in Greater Boston area. (Photo: Business Wire)
"This property is ideally situated on the newly-constructed Walter
Hannon Parkway, just across the street from a planned $1.6 billion
revitalization of historic downtown Quincy,” said Joseph J. MarcAurele,
Washington Trust Chairman, President, and Chief Executive Officer.
Washington Trust, the largest bank headquartered in Rhode Island,
provides commercial real estate financing throughout New England and the
Northeast. The Bank’s Commercial
Real Estate Group provides commercial real estate
mortgages for the construction, refinancing, or purchasing of investment
real estate projects. Bank financing ranges in size from several hundred
thousand dollars up to multi-million dollar projects. For more
information regarding the Parkingway project, contact Mary
Ettinger, Vice President, Commercial Real Estate Group,
401-348-1415 or 1-800-475-2265 ext. 1415.
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. The Bank’s Commercial
Banking Group offers a full line of commercial and
industrial lending, commercial real estate, and cash management services
to borrowers throughout the Northeast. The Bank’s team of
experienced professionals are dedicated to providing customized,
comprehensive financing and personalized services. Founded in 1800, The
Washington Trust Company is the oldest community bank in the nation and
is a subsidiary of Washington
Trust Bancorp, Inc. (NASDAQ Global Select, symbol:
WASH).
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130117006217/en/