Washington Trust Finances $4.6 Million Boston Property

Motley Fool Staff
Updated

Washington Trust Finances $4.6 Million Boston Property

Office Building Located in Historic Financial District

WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust'sCommercial Real Estate Grouprecently provided $4,600,000 incommercial mortgagefinancing to Taurus CD 153 Batterymarch Street Limited Partnership to refinance a six story, 34,521 square foot office building located at 22 Batterymarch Street in Boston, Mass.

Washington Trust Finances $4.6 Million Boston Property (Photo: Business Wire)
Washington Trust Finances $4.6 Million Boston Property (Photo: Business Wire)

Washington Trust Finances $4.6 Million Boston Property (Photo: Business Wire)

The distinctive, historic property is a multi-tenanted office building located in the heart of Boston's Financial District.Built in 1890 by the Episcopal Church of Boston, the building was originally used as a home for sailors.Between 1950 and 1970 the building functioned as the home of the Harvard Club.Taurus Investment Holdings LLC's international office is headquartered at the site.

"This is an exceptional property because of its location — not only is it situated in Boston's Financial District, but it's in close proximity to the State House, Faneuil Hall, Downtown Crossing and the Boston Waterfront," said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.

Washington Trust'sCommercial Real Estate Groupprovides 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, contactLaurel Bowerman, Vice President, Commercial Real Estate Group, 401-654-4847 or 1-800-475-2265 ext. 8247.

Founded in 1800,Washington Trustis one of New England's premier financial services companies, providingcommercial banking,personal banking,mortgage banking, andwealth managementservices to individuals and institutions throughout the region. OurCommercial Banking Groupoffers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast.Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary ofWashington Trust Bancorp, Inc.(NASDAQ Global Select, symbol: WASH).

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Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

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