Washington Trust Finances $2.6 Million Wallingford, CT Retail Center


Washington Trust Finances $2.6 Million Wallingford, CT Retail Center

Project Completed in Early 2014 with Verizon Wireless as Key Tenant

WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust'sCommercial Real Estate Group provided $2.6 million in financing to 1086 North Colony, LLC for a two-suite retail center in Wallingford, CT. The 1.13 acre property consists of a 7,500 square foot, multi-tenant convenience/retail center, which is scheduled for completion in early 2014. Pre-leased retail tenants include Verizon Wireless and DiBella's Old-Fashioned Submarine, Inc.

"This property is being developed by the experienced Tartaglia Commercial Properties group and is located on the east side of the heavily traveled, retail corridor of Rt. 5 in Wallingford just north of the Merritt Parkway," said Joseph J. MarcAurele, Washington Trust Chairman, President and CEO.

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, contact Timothy Pickering, Senior Vice President, Commercial Real Estate Group, 401-348-1482 or 1-800-475-2265 ext. 1482.

Founded in 1800, Washington Trust is 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 of Washington Trust Bancorp, Inc. (NASDAQ Global Select, symbol: WASH).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
Senior Vice President, Marketing

KEYWORDS: United States North America Connecticut Rhode Island


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