Westerly, Rhode Island... Washington Trust's Commercial Real Estate Group recently provided $6,850,000 to CT Properties, LLC, for the refinancing of the Colony Shopping Plaza on North Colony Road in Wallingford, Conn. The 97,202 square foot shopping center is anchored by national retailers Staples and the Dollar Tree, as well as several other local businesses.
"The new facade and site improvements make this shopping center an attractive space to retailers looking to locate to the area." 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, Commercial Real Estate Group, toll-free at 800-475-2265 x1492 or directly at 401-348-1492.
The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.9 billion corporation headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. A state-chartered bank, Washington Trust offers a full range of financial services, including commercial banking, small business banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, southeastern Connecticut and Massachusetts. The Corporation's common stock trades on The NASDAQ Global Select® Stock Market under the symbol WASH. Web site address: www.washtrust.com.