Washington Trust Finances Smithfield Common Tenants Include Verizon, Starbucks & Papa Gino’s

PROVIDENCE, RI – Washington Trust’s Commercial Real Estate Group recently provided $7.2 million in financing to Linear Retail Smithfield, LLC for tenant improvements to Smithfield Commons, a 35,130 square foot shopping center located at 400 Putnam Pike in Smithfield, RI.  Over the past several years the building has been renovated to provide space to new tenants such as Starbucks and Sienna Restaurant.  Other major tenants include: Papa Gino’s, Concentra, Verizon, Sprint, H&R Block, UPS, and Sovereign Bank.

“Smithfield Commons is located in a well-developed area of Smithfield, less than a mile from Interstate 295 off Route 44,” saidJoseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer. “It’s a convenient location offering shoppers a mix of both well-known national and regional retailers as well as local shops.”

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. For more information, contact Laurel Bowerman, Vice President, Commercial Real Estate Group, 401-654-48-47 or 1-800-475-2265 ext. 8247.

Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast.  Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

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