Washington Trust provides $1.075 million for acquisition of a retail property

Leominster, MA Washington Trust’s Commercial Real Estate Group recently provided $1.075 million in financing to H&A Kaufman Realty, LLC, for the acquisition of a 7,225 s/f retail property.

780 Central Street - Leominster, MA

Construction on the property, located along Rte. 12, at 780 Central St., was completed early this year to accommodate its sole tenant, O’Reilly Auto Parts. O’Reilly Auto Parts was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional service provider markets.

“The Kaufman family have been long term clients for our company and we are pleased to be able to expand our relationship further with the financing of this well placed retail asset,” said Julia Anne Slom, senior vice president & team leader of Washington Trust’s Commercial Real Estate Group. “Their experience in locating, tenanting and maintaining quality assets is the reason they are successful and we are happy to have provided a financing package that met their needs.”

Julia Anne Slom, Washington Trust

In additon, Washington Trust  has opened its new mortgage production office located at 62 Walnut Street, 3^rd Floor, in Wellesley, Mass. The office is managed by Washington Trust Mortgage Company vice president and regional manager Sherry Fonseca, who has more than 20 years of mortgage origination and management experience throughout the state. The Wellesley mortgage team also includes two experienced loan officers: Sean Fleming and David Martinelli.

“We’re excited to open our fourth mortgage office in Massachusetts,” said Joseph MarcAurele, Washington Trust chairman and chief executive officer. “We take great pride in working with homeowners and businesses throughout New England and look forward to serving the Greater Boston region through our new Wellesley mortgage office.”

Washington Trust also has mortgage offices in Braintree, Burlington and Sharon, Mass., as well as in Rhode Island and Connecticut. In addition to the new mortgage location, Washington Trust also maintains an office for Washington Trust Wealth Management subsidiary, Weston Financial in Wellesley, Mass.  

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 trustservices through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc.