banking

Washington Trust finances $4.6M Boston property

Posted 10/16/12

WESTERLY – On Oct. 2, Washington Trust’s commercial real estate group provided $4.6 million in commercial mortgage financing to Taurus CD 153 Batterymarch Street Limited Partnership.

The funding will refinance the six-story, 34,521-square-foot office building located at 22 Batterymarch St. in Boston, in the city’s historic financial district.

The building was constructed in 1890 by the Episcopal Church of Boston and still maintains its elegant historic exterior. Initially used as a home for sailors, the building later functioned as the home of the Harvard Club between 1950 and 1970. Currently, the building serves as a multi-tenanted office and is also the headquarters of Taurus Investment Holdings LLC’s international office.

“This is an exceptional property because of its location; not only is it situated in Boston’s Financial District, but it’s in close proximity to the state house, Faneuil Hall, Downtown Crossing and the Boston waterfront,” said Joseph J. MarcAurele, Washington Trust chairman, president and CEO in a statement announcing the financial arrangement.

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