Washington Trust Provides $2.5 Million for Refinancing of Retail Property in Barkhamsted, CT

BARKHAMSTED, Conn., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group recently provided $2.5 million to Sound Garrett Barkhamsted, LLC, for the refinancing of a 16,559 square foot retail property in Barkhamsted, Connecticut.

Located at 390 New Hartford Road in Barkhamsted, the property includes two stand-alone retail tenants, Dollar General and O’Reilly Auto Parts. Dollar General was founded in 1939 and operates more than 13,600 stores in 44 states. O’Reilly Auto Parts was founded in 1957 by the O’Reilly family and currently operates more than 4,800 stores across 47 states.

“This well located center in Barkhamsted includes two niche retailers who serve the local population very well,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “Our client has a real talent for locating and building this type of property and we are pleased to partner with them again.” 

Sound Garrett Barkhamsted, LLC, is a single owner limited liability company.

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 Mary Ettinger, Vice President, Commercial Real Estate Group, at 401-348-1415 or 1-800-475-2265 ext. 1415.

ABOUT WASHINGTON TRUST^®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.