Jul. 12, 2010 (Business Wire) -- Washington Trust’s Commercial Real Estate Group recently provided $2,576,000 in financing to 2240 South County Trail, LLC, for property located at 2220 and 2240 South County Trail in East Greenwich, R.I., for a multi-tenanted/light industrial building. Originally the site of East Greenwich Dairy, the two buildings are completely renovated to provide approximately 12,000 square feet of light industrial space and 11,000 square feet of multi-user office space.
"The property’s location on Route 2, with easy access to Route 4, makes it an attractive space for companies interested in locating to an area that has experienced high population growth," said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.
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 commercial 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.
