Washington Trust Provides Financing to Luzern Windsor, LLC
April 26, 2022
Windsor, Conn. - Washington Trust’s Commercial Real Estate Group recently provided $3.396 million in financing to Luzern Windsor, LLC for the acquisition of a 62,080 square foot industrial building located at 770 & 790 Marshall Phelps Boulevard in Windsor, Conn. The property is 100% occupied and benefits from close proximity to I-91.
The sponsor, Luzern Associates, LLC develops, owns, and operates residential, commercial and industrial properties within the Northeast, specializing in acquiring properties and performing out of the ground development or extensive redevelopment resulting in a dramatic improvement to the operating and investment performance of each property.
“Washington Trust is pleased to have expanded its long-standing relationship with Luzern, who, with this acquisition, has increased it industrial portfolio to approximately 193,000 square feet, as well as adding a well-located property in a strong performing market sector,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate 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.
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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.
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