Washington Trust’s Commercial Real Estate Group Provides $1.75 Million in Financing for Construction of Multi-Tenant Retail Space in Oxford, CT
January 17, 2019 at 07:48 pm
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Washington Trust’s Commercial Real Estate Group recently provided $1.75 million in financing to MCG Oxford, LLC, for the construction of a multi-tenant retail space in Oxford, Connecticut. Located on a 1.1 acre parcel along CT Route 67 in Oxford, the new retail property will include a 7,500 square foot Dollar General store as well as a 2,500 square foot free standing retail building that can accommodate one to two tenants. Dollar General was founded in 1939 and operates more than 13,600 stores across 44 states.
Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedentsâ estates; and institutional trust services, including custody and fiduciary services.
WASHINGTON TRUST BANCORP, INC. 
