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Washington Trust Finances Two Shopping Centers

Sep 10, 2010 | Reprints | Unlock Link | Print

325 New State Highway in Raynham Washington Trust’s commercial real estate group has provided $7.2 million in financing to two local shopping plazas.

The two retail shopping centers are Linear Retail Raynham #1 LLC at 325 New State Highway (Route 44) in Raynham and Linear Retail Smithfield #1 LLC at 400-420 Putnam Pike (Route 44) in Smithfield, R.I.

The Raynham shopping center has 21,247 square feet of retail space, and the Smithfield shopping center contains 35,130 square-feet of retail space.

"Both properties are located on prominent retail corridors with access to local residential areas as well as to major interstates," said Joseph J. MarcAurele, Washington Trust chairman, president and chief executive officer.

Commercial & Industrial