Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided $5,250,000 in financing to Post Road Properties to refinance its five-building office complex located at 2346, 2348, 2350, 2364 and 2374 Post Road in Warwick, R.I. Airport Professional Office Park is conveniently located just south of T.F. Green Airport and attracts a wide variety of office tenants. The buildings’ cedar style shingle siding, marble foyers, quality interior finishes, and attractive landscaping make the Park a distinctive property. With more than 35 tenants, the Office Park has enjoyed historical high occupancies of well over 90%.
"The Airport Professional Office Park is attractive and conveniently located to both T.F. Green Airport and Interstate 95, making it an ideal site for local businesses,” stated Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.
Laurel Bowerman, Washington Trust Vice President, served as lead lender for the project as part of Washington Trust's Commercial Real Estate Group, which 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 Julia Anne M. Slom, Senior Vice President, Commercial Real Estate Group, toll-free at 800-475-2265 x1430 or directly at 401-348-1430.
Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing mortgage banking, commercial banking, small business banking, personal banking, and wealth management and trust services to individuals and institutions through its offices located in Rhode Island, southeastern Connecticut and eastern Massachusetts. Our Mortgage Lending area offers a full-range of mortgage solutions, including reverse mortgages and home equity loans and lines to help borrowers through all stages of life. 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). Web site address: www.washtrust.com.