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News: Front Section
Posted: August 12, 2016
Washington Trust provides $3.5 million in financing to South Windsor Realty Co. for mixed-use portfolio
South Windsor, CT Washington Trust’s Commercial Real Estate Group recently provided $3.5 million to South Windsor Realty Co., LLC, for the refinancing and tenant improvements of an eight-building, mixed use office and retail portfolio. Located on 453-497 Buckland Rd., and 152 Deming St., the buildings contain a combined total of 53,451 s/f of rentable space on 12.37 acres. Within that space, 46,461 s/f is mixed-use office space while the additional 6,990 s/f is retail.
152 Deming Street - South Windsor, CT“We are pleased to have been able to offer a financing solution that worked well for this project located in the heart of South Windsor,†said Julia Anne Slom, senior vice president & team leader of Washington Trust’s commercial real estate group. “The office space at the center is an important location for many of the local service providers.â€
South Windsor Realty Co., LLC is a limited liability company formed in 2002 for the purpose of acquiring the portfolio.
Washington Trust's Commercial 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.
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 trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc.Â
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