Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided $4.8 million in financing to Lakeview Center Associates, LLC and Branford Equities, LLC for the refinancing of Lakeview Center, a 69,955 square foot shopping center located at 249-251 West Main Street, Branford, Conn., consisting of four single-story buildings leased by 16 tenants.
“The property is centrally located in Branford along the Route 95 corridor, which makes it an attractive property for tenants to lease,” said Joseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer.
Lakeview Center, LLC is operated by managing member, Edmond DeLaurentis, Jr., a second generation real estate developer and operator who has been in the business more than 25 years. He and other members Herman Gans, Ram Gupta, and Theodore Sannella also own several other well-leased shopping centers located in Connecticut and Massachusetts.
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 Suzanne Walsh Erno, Vice President, Commercial Real Estate Group, at 401-348-1492 or 800-475-2265 ext. 1492.
ABOUT WASHINGTON TRUST
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 to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).