News: Front Section
Posted: May 24, 2019
Washington Trust provides $6.3 million for acquisition of 12,900 s/f CVS Pharmacy
Farmington, CT Washington Trust’s commercial real estate group provided $6.3 million to W.H.M. Realty, LLC, to finance the acquisition of a 12,900 s/f, free-standing CVS Pharmacy. The 2.04-acre property is on the corner of Main St. (Rte. 10) and Scott Swamp Rd. (Rte. 552). The building, which was constructed in 2013, reflects the typical CVS prototype and includes access points from both avenues, a drive-thru window, and on-site parking for 72 vehicles. CVS Health is one of the largest pharmacy health care providers in the U.S., with more than 9,800 locations.
“Washington Trust is happy to provide financing on this well-located asset while expanding our relationship with our long term client W.H.M. Realty,” said Julia Anne Slom, senior vice president and team leader of Washington Trust’s commercial real estate group.
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