Commercial Banking

Washington Trust Provides $3 Million in Commercial Financing for Retail Center in Norwalk, CT

June 07, 2019

June 7, 2019

Norwalk, CT - Washington Trust’s Commercial Real Estate Group recently provided $3 million to Norwalk-LIR, LLC, for the refinancing and tenant improvements of the Norwalk Shopping Center in Norwalk, Connecticut. Located on a 2.14-acre site at 585 Connecticut Avenue, the 23,300 square foot retail center is strategically situated in the heart of Norwalk's premier commercial district - with easy accessibility to I-95. Tenants of the Center include Golf Galaxy, American Steakhouse, and Mattress Firm.

“Washington Trust was pleased to provide financing for this project, which provides strong amenities in a well-located center,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “We’re grateful to be able to expand our relationship with the Tartaglia Commercial Properties Team.”

Norwalk-LIR, LLC is a CT limited liability company owned by Tartaglia Commercial Properties, one of Connecticut's largest privately held real estate development companies.

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, at 401-348-1482 or 1-800-475-2265 ext. 1482.

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