Washington Trust’s Commercial
Real Estate Group recently provided $1.27 million in
refinancing to New Milford Main Investment, LLC for an 11,108 square
foot retail building on 173 Danbury Road in New Milford, CT. The
building is currently leased entirely to Rite Aid Pharmacy.
Washington Trust provided $1.27 million in refinancing for a 11,108 square foot retail building on 173 Danbury Road in New Milford, CT. The building is currently leased to Rite Aid Pharmacy. (Photo: Business Wire)
“This building is in a thriving location, directly across from the
town’s largest retail center with another shopping center currently
under construction making it an attractive property,” said Joseph
J. MarcAurele, Washington Trust Chairman, President and
Chief Executive 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 Suzanne
Walsh Erno, Vice President, Connecticut Commercial Real
Estate Group, 401-348-1492 or 1-800-475-2265 ext. 1492.
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/20130820006238/en/
Copyright Business Wire 2013