Washington Trust’s Commercial
Real Estate Group recently provided $9.2 million in financing
to MCP Medical, LLC, an affiliate of Marcus Partners, for the
acquisition of a 70,000 square foot medical office in Norwalk, CT.
Washington Trust recently provided $9.2 million in financing to MCP Medical, LLC for the financing of a 70,000 square foot building in Norwalk, CT. (Photo: Business Wire)
“This is attractive property as it is located less than a mile
from the Norwalk Hospital and its tenants offer a full range of medical
services to area patients,” Joseph J. MarcAurele, Washington Trust
Chairman, President and Chief Executive Officer.
Marcus Partners, Inc. is a real estate investment firm based in
Boston, MA with regional offices in Wilton, CT and Tampa, FL. The firm
invests in real estate and related assets, pursuing a mix of strategic
and opportunistic investments. Marcus Partners is currently
investing its Marcus Capital Partners Fund I, acquiring a diversified
portfolio of office, bio-medical, medical office, laboratory, warehouse
and light industrial properties in major metropolitan areas in the
northeast and mid-Atlantic regions. For more information,
please go to www.marcuspartners.com.
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,
401-348-1538 or 1-800-475-2265 ext. 1538.
Founded in 1800, 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. Our Commercial Banking Group offers a full line
of commercial and industrial lending, commercial real estate, and cash
management services to borrowers throughout the Northeast. Our
team of experienced professionals are dedicated to providing customized,
comprehensive financing and personalized services. The Washington Trust
Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ
Global Select, symbol: WASH).
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130514006640/en/
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