Washington Trust Finances $1.27 Million Retail Building in New Milford, CT
Building currently occupied by Rite Aid Pharmacy
WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust'sCommercial Real Estate Grouprecently provided $1.27 million in refinancing to New Milford Main Investment, LLC for an 11,108 square foot retail building on 173 Danbury Road in New Milford, CT. The building is currently leased entirely to Rite Aid Pharmacy.
Washington Trust provided $1.27 million in refinancing for a 11,108 square foot retail building on 173 Danbury Road in New Milford, CT. The building is currently leased to Rite Aid Pharmacy. (Photo: Business Wire)
"This building is in a thriving location, directly across from the town's largest retail center with another shopping center currently under construction making it an attractive property," saidJoseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer.
Washington Trust'sCommercial 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, contactSuzanne Walsh Erno, Vice President, Connecticut Commercial Real Estate Group, 401-348-1492 or 1-800-475-2265 ext. 1492.
Founded in 1800,Washington Trustis one of New England's premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers 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).
Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20130820006238/en/
Elizabeth B. Eckel, 401-348-1309
KEYWORDS: United States North America Connecticut Massachusetts New York Rhode Island
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