Washington Trust Provides Commercial Financing for the Development of a Two-Parcel Property in Dedham, MA
January 26, 2017
January 26, 2017
Westerly, RI - Washington Trust’s Commercial Real Estate Group recently provided commercial financing to Dedham Retail Realty Ventures for the development of a two-parcel property directly across from Legacy Place, a 600,000 square-foot open air shopping, dining and entertainment destination in Dedham, MA.
The new property includes two retail buildings, totaling approximately 11,500 square feet of space. Tenants include Sprint, Select Comfort, Starbucks and Red Wing shoes. Demand for the properties is strong due to its great visibility and location on a highly trafficked retail corridor.
“This property has a superb location that was instrumental in its leasing momentum,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “The plaza serves as a great compliment to surrounding retail development.”
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 Bethany Lyons, Vice President, Commercial Real Estate Group, at 401-401-1538 or 1-800-475-2265 ext. 1538.
ABOUT WASHINGTON TRUST®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at www.washtrust.com.