Washington Trust Provides $2.7 Million Financing to West Hartford Associates

RI Bank Finances Shield Street Plaza Shopping Center in West Hartford, CT

Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided a $2,700,000 commercial mortgage to West Hartford Associates for the refinancing and renovation of the Shield Street Plaza Shopping Center which is a 77,852 square-foot, two building community shopping center located at 132- 162 Shield Street in West Hartford, Conn.

“The Shield Street Plaza Shopping Center has loyal long-term tenants and therefore experienced strong occupancy levels in the past several years,” 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.

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 is dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., Nasdaq: WASH, a $2.9 billion corporation headquartered in Westerly, Rhode Island. Web site address: www.washtrust.com.