News: Rhode Island
Posted: May 6, 2009
Washington Trust provides $600,000 financing to DV I Parcel 3, LLC for 5,000 s/f retail/restaurant
Washington Trust's commercial real estate group is providing $600,000 in financing to DV I Parcel 3, LLC for refinancing a 1.23 acre parcel approved for a 5,000 s/f retail/restaurant. The property is located on Old Louisquisset Pike.
DV I Parcel 3, LLC is managed by Brian Bucci, of Bucci Development Inc. of Warwick. He has accumulated extensive real estate holdings centered primarily on commercial "big box" centers, single site commercial projects, and residential rental properties over the past 16 years.
"Washington Trust is happy to expand our relationship with Bucci," said Washington Trust's chairman and CEO, John Warren. "We wish him much success with the Dowling Village project in North Smithfield."
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