Updated August 27 at 2:27pm

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Washington Trust group provides Metro 100 financing


WESTERLY – Washington Trust’s Commercial Real Estate Group has provided $4.3 million in financing to Metro 100 LLC for acquisition of a mixed-use property in Milford, Conn., according to a press release.

The property has 23 apartment units and about 20,000-square-feet of retail space. It is being developed by Metro Start Properties of Milford, Conn.

"This property is located in a great market and is being acquired by experienced developers who have a long history of adding value to the properties that they acquire," said Washington Trust Chairman, President and CEO Joseph J. MarcAurele.

Washington also provided $1.27 million in refinancing to New Milford Main Investment LLC for an 11,108-square-foot retail building in New Milford, Conn, which is currently leased entirely to Rite Aid Pharmacy.

“This building is in a thriving location, directly across from the town’s largest retail center with another shopping center currently under construction, making it an attractive property,” said MarcAurele.

Washington Trust’s Commercial Real Estate Group, New Milford Main Investment LLC¸


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