Washington Trust Finances $9.2 Million Norwalk CT Medical Building

Tue May 14, 2013 1:47pm EDT

* Reuters is not responsible for the content in this press release.

Washington Trust Finances $9.2 Million Norwalk CT Medical Building

Building Conveniently Located Near Norwalk Hospital

Washington Trust’s Commercial Real Estate Group recently provided $9.2 million in financing to MCP Medical, LLC, an affiliate of Marcus Partners, for the acquisition of a 70,000 square foot medical office in Norwalk, CT.

Washington Trust recently provided $9.2 million in financing to MCP Medical, LLC for the financing o ...

Washington Trust recently provided $9.2 million in financing to MCP Medical, LLC for the financing of a 70,000 square foot building in Norwalk, CT. (Photo: Business Wire)

“This is attractive property as it is located less than a mile from the Norwalk Hospital and its tenants offer a full range of medical services to area patients,” Joseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer.

Marcus Partners, Inc. is a real estate investment firm based in Boston, MA with regional offices in Wilton, CT and Tampa, FL. The firm invests in real estate and related assets, pursuing a mix of strategic and opportunistic investments. Marcus Partners is currently investing its Marcus Capital Partners Fund I, acquiring a diversified portfolio of office, bio-medical, medical office, laboratory, warehouse and light industrial properties in major metropolitan areas in the northeast and mid-Atlantic regions. For more information, please go to www.marcuspartners.com.

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 Bethany Lyons, Vice President, Commercial Real Estate Group, 401-348-1538 or 1-800-475-2265 ext. 1538.

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).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com