CROMWELL, Conn., Feb. 08, 2019 (GLOBE NEWSWIRE) -- Washington Trust's Commercial Real Estate Group recently provided $1.34 million in financing to MCG Cromwell, LLC, for the construction of a Dollar General store in Cromwell, Connecticut. Located on a 1.2 acre parcel at 539 Main Street (Route 99) in Cromwell, the new retail property will feature 9,100 square-feet of space. Dollar General was founded in 1939 and operates more than 13,600 stores across 44 states.
"Washington Trust has developed a strong relationship with our client, who continues to find strategic locations and develop top quality retail," said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust's Commercial Real Estate Group. "We are grateful for the opportunity to expand the relationship."
MCG Cromwell, LLC, is a single owner limited liability company.
Washington Trust'sCommercial 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.
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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/.
Source: The Washington Trust Company