Washington Trust Provides $10 Million to Berkeley Partners for Marlborough Industrial Building
January 03, 2020
Marlborough, MA - January 3, 2020 - Washington Trust’s Commercial Real Estate Group recently provided $10 million to an affiliate of Berkeley Partners, for financing of a 144,784 square foot industrial building in Marlborough.
The property features a modern flexible design, with about 20’ clear heights and ample loading docks. The building is conveniently located in Marlborough and provides excellent access to Greater New England’s primary highway systems and major employment and population centers. The new building is within two miles of direct access to I-495 and within five miles of direct access to I-90, I-290, and Route 9.
“Washington Trust is appreciative to provide financing to our new client, Berkeley Partners, for their industrial building,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust Commercial Real Estate Group. “The building is positioned for success, with its close proximity to major routes.”
Berkeley Partners, headquartered in San Francisco, California, and its affiliated entities comprise a fully integrated principal investment firm focused exclusively on multi-tenant light industrial real estate.
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 at 401-348-1538, or balyons@washtrust.com.
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/.