Washington Trust finances medical office purchase

Posted 11/13/12

WESTERLY – The Washington Trust Co.’s commercial-lending group last week the financial institution announced that it has provided financing to The Kent Center, a community health care organization located in Warwick.

The financing was for the purchase of a non-bank qualified tax-exempt Series 2012 bond, the proceeds of which were used to purchase a 31,752-square-foot medical office building at 2756 Post Road. The building is the present home of The Kent Center which has leased the 2.42-acre site since 2007.

The Kent Center’s mission is to improve the quality of life for adults, children and families who struggle with mental health issues, substance abuse disorders and psychological trauma.

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