PROVIDENCE – The Washington Trust Co.’s Commercial Real Estate Group recently provided $21 million in financing for a commercial redevelopment project in Waterford, Conn., according to a news release.
The financing to Readco Capital Advisors LLC will help pay for purchase and development of a former Toys R US building into a 70,500-square-foot, state-of-the-art medical facility for Hartford Healthcare.
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The property is centrally located at the intersection of Route 85 and Interstate 95, and close to other major retailers, the release stated.
Nancy Lavin is a staff writer for the PBN. Contact her at Lavin@PBN.com.
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