Washington Trust provides $4.2 million to Woodgreen Shelton, LLC

Shelton, CT Washington Trust’s Commercial Real Estate Group provided $4.2 million to Woodgreen Shelton, LLC, for financing of a 46,000 s/f class B office building.

The three-story building is located at 375 Bridgeport Ave. just off Rte. 8, at the northwest corner of the intersection of Bridgeport Ave. and Nells Rock Rd. The property is adjacent to Big Y and benefits from a location with access to regional highways. The building hosts fourteen unique tenants and was recently renovated with upgrades to the lobby and common areas, HVAC system, elevators, and roof.

“We are happy to expand our lending relationship with our existing client, Woodgreen Shelton, LLC,” said Julia Anne Slom, senior vice president & team leader of Washington Trust Commercial Real Estate Group. “The office space is very well maintained and conveniently located in a retail area close to New Haven.”

Woodgreen Management provides commercial real estate investment opportunities and property management services for retail and office properties in Southern N.E.