Jul. 7, 2010 (Business Wire) -- Washington Trust’s Commercial Real Estate Group recently provided $1,400,000 in financing to Blackstone Centre Limited Partnership for the refinancing of a 21,960 square-foot two-story, commercial building in Lincoln, R.I., occupied by medical office users and a daycare.
"Jennifer Cookke, owner and president of Blackstone Management, has a great deal of experience in the commercial real estate arena in Rhode Island, and we wish her continued success," said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.
Blackstone Management, LLC is a private company specializing in Real Estate Management and currently manages more the one million square feet of commercial real estate.
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. For more information, contact Julia Anne M. Slom, Senior Vice President, Commercial Real Estate Group, toll-free at 800-475-2265 x1430 or directly at 401-348-1430.
The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.9 billion corporation headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. A state-chartered bank, Washington Trust offers a full range of financial services, including business banking, personal banking, and wealth management and trust services through its offices located in Rhode Island, Southeastern Connecticut and Massachusetts. The Corporation’s common stock trades on The NASDAQ Global Select® Stock Market under the symbol WASH. Web site address: www.washtrust.com.
