Project Completed in Early 2014 with Verizon Wireless as Key Tenant

PROVIDENCE, RI – Washington Trust’s Commercial Real Estate Group provided $2.6 million in financing to 1086 North Colony, LLC for a two-suite retail center in Wallingford, CT. The 1.13 acre property consists of a 7,500 square foot, multi-tenant convenience/retail center, which is scheduled for completion in early 2014. Pre-leased retail tenants include Verizon Wireless and DiBella’s Old-Fashioned Submarine, Inc. “This property is being developed by the experienced Tartaglia Commercial Properties group and is located on the east side of the heavily traveled, retail corridor of Rt. 5 in Wallingford just north of the Merritt Parkway,” said Joseph J. MarcAurele, Washington Trust Chairman, President and CEO. Washington Trust’s Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects.

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