Washington Trust Provides $5.2 Million CT Office Park Financing
Old Saybrook Business Park Offers Convenient Highway Access
WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trusts Commercial Real Estate Group recently provided a $5.2 million commercial mortgage to Mill Meadow Development, LLC for the refinancing of 6 buildings located in a business park at 2, 4 and 6 Business Park Road, 5 and 20 Research Parkway and 151 Mill Rock Road East in Old Saybrook, Conn.
"The Old Saybrook Business Park is an attractive location, as it is less than a half-mile from Interstate 95, Route 9 and U.S. 1, said Joseph J. MarcAurele, Washington Trust (WASH) Chairman, President, and Chief Executive Officer. It offers great convenience to employees from the surrounding bedroom communities of Hartford and New Haven.
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).
Elizabeth B. Eckel, 401-348-1309
Source: Washington TrustCopyright Business Wire 2012