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MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE: August 7, 2012
FOR IMMEDIATE RELEASE

Washington Trust Finances $1.5 Million West Hartford CT Property

Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided a $1.5 million dollar commercial mortgage to Phoenix New Park Avenue, LLC for the acquisition of a retail property currently occupied by Advanced Auto Parts property located at 443 New Park Avenue in West Hartford, Conn.

"The corporate guarantee of a lease by Advanced Auto Parts, the nation’s second largest auto parts supplier, makes this an attractive property,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. “It’s proximity to other national retail stores also makes this prime retail property."

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.

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