Shopping center gets financing deal

WESTERLY – The Washington Trust Co.’s commercial real estate group recently provided $5.2 million in financing to Meriden Retail LLC to refinance the Silver Commons Shopping Center in Meriden, Conn.
Tenants of the property, located on South Broad Street, include Starbucks, Cold Stone Creamery, AT&T, Aspen Dental, Federal Express/Kinko’s, Liberty Travel and Pizza Hut. The location also has a free-standing bank branch.
“We wish Meriden Retail the best of luck with the Silver Commons Shopping Center, a complex that offers great retail shopping to the central Connecticut market,” said Joseph J. MarcAurele, Washington Trust’s president and chief operating officer.
Washington Trust’s commercial real estate group provides commercial real estate mortgages for purchasing, refinancing or constructing investment real estate projects.
Washington Trust Bancorp Inc. (Nasdaq: WASH) is the parent of The Washington Trust Co., a Rhode Island-chartered bank founded in 1800 that has offices in Rhode Island, Massachusetts and southeastern Connecticut. Additional information is available at www.WashTrust.com.