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MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE: June 12, 2013

Washington Trust Finances $4 Million Norwalk, CT Property

Mixed-Use Property Anchored By CVS Pharmacy

Norwalk, CT

Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided $4 million in refinancing for 327 Main Avenue, a 92,592 square foot mixed-use property in Norwalk, CT. The property currently has eight tenants and is anchored by a CVS Pharmacy.

“The property was totally renovated in 2002 and has a healthy mix of tenants. It is conveniently located along Route 7 and is surrounded by other retail, office and residential properties,” said Joseph J. MarcAurele, Washington Trust Chairman, President and CEO.

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 Timothy Pickering, Senior Vice President, Commercial Real Estate Group, 401-348-1482 or 1-800-475-2265 ext. 1482.

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 throughout the Northeast. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc. (NASDAQ Global Select, symbol: WASH).

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