Washington Trust finances multi-use project

By Rhonda Miller
PBN Staff Writer

WESTERLY – Washington Trust’s Commercial Real Estate Group has provided a $4.2 million commercial mortgage to Parkingway Acquisitions LLC for the purchase of a multi-use property near the historic district of Quincy, Mass., according to a press release from the bank.

“This property is ideally situation on the newly-constructed Walter Hannon Parkway, just across the street from a planned $1.6 billion revitalization of historic downtown Quincy,” said Washington Trust President and CEO Joseph J. MarcAurele.

The property has two buildings with retail and office space and 119 parking spaces.

Washington Trust is the largest bank headquartered in Rhode Island and provides commercial real estate financing throughout New England and the Northeast.