Washington Trust’s Commercial
Real Estate Group recently provided $4.8 million in financing
to Lakeview Center Associates, LLC and Branford Equities, LLC for the
refinancing of Lakeview Center, a 69,955 square foot shopping center
located at 249-251 West Main Street, Branford, Conn., consisting of four
single-story buildings leased by 16 tenants.
“The property is centrally located in Branford along the Route 95
corridor, which makes it an attractive property for tenants to lease,”
said Joseph J. MarcAurele, Washington Trust Chairman, President and
Chief Executive Officer.
Lakeview Center, LLC is operated by managing member, Edmond DeLaurentis,
Jr., a second generation real estate developer and operator who has been
in the business more than 25 years. He and other members Herman Gans,
Ram Gupta, and Theodore Sannella also own several other well-leased
shopping centers located in Connecticut and Massachusetts.
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, Commercial Real Estate Group, at
401-348-1492 or 800-475-2265 ext. 1492.
ABOUT WASHINGTON TRUST
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).
Copyright Business Wire 2014