Washington Trust provides $3.15 million financing

Stamford, CT Washington Trust’s Commercial Real Estate Group recently provided $3.15 million to the Marsilio Group for the refinancing and tenant improvements of a two-property, multi-tenant industrial portfolio.

Both properties are located on Lordship Blvd. The first property sits on 1.56-acres and consists of a 28,353 s/f office/warehouse building. The building is comprised of four separate tenant spaces, including three warehouse units occupied by FedEx, Rexel, Inc. and All My Sons Moving & Storage, and an office space occupied by the American Institute for Healthcare and Technology. The second property sits on 2.28-acres and consists of 32,000 s/f of office and warehouse space fully leased to FedEx.