Washington Trust Finances $4 Million Norwalk, CT Property

Mixed-Use Property Anchored By CVS Pharmacy

WESTERLY, R.I.--()--Washington Trust’s Commercial Real Estate Group recently provided $4 million in refinancing for 327 Main Avenue, a 92,592 square foot mixed-use property in Norwalk, CT. The property currently has eight tenants and is anchored by a CVS Pharmacy.

“The property was totally renovated in 2002 and has a healthy mix of tenants. It is conveniently located along Route 7 and is surrounded by other retail, office and residential properties,” said Joseph J. MarcAurele, Washington Trust Chairman, President and CEO.

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 Timothy Pickering, Senior Vice President, Commercial Real Estate Group, 401-348-1482 or 1-800-475-2265 ext. 1482.

Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services throughout the Northeast. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc. (NASDAQ Global Select, symbol: WASH).

Contacts

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

327 Main Avenue, located in Norwalk, CT was recently provided with $4 million in refinancing. The property currently has eight tenants and is anchored by a CVS. (Photo: Business Wire)

327 Main Avenue, located in Norwalk, CT was recently provided with $4 million in refinancing. The property currently has eight tenants and is anchored by a CVS. (Photo: Business Wire)

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Release Summary

327 Main Avenue, located in Norwalk, CT was recently provided with $4 million in refinancing by Washington Trust. The property currently has eight tenants and is anchored by a CVS.

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Contacts

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com