Commercial Banking

Washington Trust Provides Financing to West Avenue Industrial, LLC

September 17, 2021

Stamford, Conn. - Washington Trust’s Commercial Real Estate Group recently provided financing for West Avenue Industrial, LLC for the acquisition and redevelopment of an existing industrial/office property in Stamford, Conn.

The site currently consists of a single 15.6-acre parcel improved with three buildings: a 70,000 SF light manufacturing/office building, a 19,700 square foot warehouse building, and a 40,000 square foot industrial building. The Sponsor, V20 Group, intends to capitalize on the demand for industrial space by razing the 70,000 square foot building and constructing a new state of the art 65,000 square foot high-bay industrial building in its place. The property is very well located and benefits from its proximity to I-95 providing convenient access to the entire Connecticut and New York City metro market area, as well as north to the rest of New England, south to the mid-Atlantic region, and beyond. V20 Group was founded in 2014 by Jon Vaccaro and specializes in ground-up development and rehab of industrial, retail, and mixed-use projects in Fairfield County.

“We are pleased to have forged a relationship with V20 Group and look forward to financing the execution of their business plan, which will meet the demands of industrial users in a prime location in Connecticut,” 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.


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

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