Washington Trust Provides Financing for Windsor, Conn. Properties
April 26, 2022
Windsor, Conn. - Washington Trust’s Commercial Real Estate Group recently provided nearly $11 million in financing to a Westchester, N.Y.-based commercial real estate firm for the acquisition of three industrial buildings totaling 155,000 square feet of space in the Windsor, Conn., market.
The properties are well located in close proximity to 1-91 with Windsor’s Corporate Area along Day Hill Road, which is home to more than 20,000 jobs within various industrial and office buildings. The sponsor is a commercial real estate owner and managing agent based in White Plains, N.Y.
“The industrial market continues to demonstrate strong operating fundamentals supporting the borrower’s investment strategy in acquiring and holding well located assets such as these three properties in Windsor,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “And these properties are no exception, boasting 100% occupancy to a diverse tenant group.”
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 401-348-1538.
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).