Washington Trust has provided $20 million in commercial real estate financing to Highwood Investors LLC, an affiliate of BPG Properties Ltd. to refinance a Tewksbury office park.

The Highwood Office Park, located at 50, 55 and 60 Highwood Drive, is a 278,000-square-foot, multi-tenanted, three-building office center.

BPG Properties Ltd. is a private equity real estate fund manager. Since the borrower acquired the property, an extensive leasing program was implemented and several capital improvements were completed, including renovations and the addition of on-site amenities including a cafeteria and a fitness center, according to a statement.

"Washington Trust was able to structure a financing that allowed for the flexibility needed to compliment BPG Properties’ continued leasing strategy," said Joseph J. MarcAurele, chairman, president and chief executive officer of Washington Trust.

Julia Anne Slom, Washington Trust senior vice president/team leader, and Bethany Lyons, Washington Trust vice president, served as lead lenders for the project.