Washington Trust Provides $10.5 Million Commercial Mortgage to Finance Connecticut Office Park
Rhode Island Bank Finances Putnam Park Office Center Located in Wethersfield, Connecticut.
WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust's (WASH) Commercial Real Estate Group recently provided a $10.5 million commercial mortgage to 100 Great Meadow Associates, LLC for the refinancing and improvements of Putnam Park Office Center, a 155,645 square foot multi-tenant office building located at 100 Great Meadow Road in Wethersfield, Connecticut.
Washington Trust Provided $10.5 Million to Finance Putnam Park Office Center, located at 100 Great Meadow Road in Wethersfield, Connecticut. (Photo: Business Wire)
This is a very attractive office park due to building quality and maintenance, immediate access to major highways, and the commanding views if offers of Hartford and the Connecticut River, stated 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. Bank 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, toll-free at 800-475-2265 x1492 or directly at 401-348-1492.
Founded in 1800, Washington Trust is one of New Englands 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).
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Elizabeth B. Eckel, 401-348-1309
Source: Washington TrustCopyright Business Wire 2012