Washington Trust finances retail center

WESTERLY – The Washington Trust Co.’s commercial real estate group recently provided $10.5 million in financing to Linear Retail Properties of Warwick to refinance its 73,000-square-foot building at 1000 Bald Hill Road, Warwick.
Tenants of the property, called Warwick Market Place, includes Trade Joe’s grocery store and Panera Bread.
Linear Retail Properties is managed by William J. Beckeman, president and CEO.
“Linear Retail has a prime location in the retail market for their property,” said John C. Warren, Washington Trust chairman and CEO. “We are pleased to have them join the bank’s ever expanding customer base.”
Washington Trust’s commercial real estate group – led by Julia Anne M. Slom, senior vice president – 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.