Washington Trust Provides $5.7 Million to Lexmar Realty, LLC for Construction of Office Headquarters
December 13, 2019
Milford, CT - December 13, 2020 - Washington Trust’s Commercial Real Estate Group recently provided $5.7 million to Lexmar Realty, LLC, for the construction and permanent financing of a new 23,293 square foot office building at 100 Plains Road in Milford. This new location benefits from its I-95 frontage and is about 15 miles southwest of New Haven Central Business District and about 30 miles northwest of the Stamford Central Business District.
“We are pleased to work with Lexmar Realty for the financing for their new well-located office headquarters,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “We look forward to seeing our new client’s further growth and success.”
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 Timothy Pickering, Senior Vice President, Commercial Real Estate Group, at 401-348-1482 or 860 510 6913.
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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/.