Washington Trust Provides $7.4 Million in Financing for Waterchase Shopping Center in Rocky Hill, CT

February 21, 2018

Rocky Hill, CT – Washington Trust’s Commercial Real Estate Group recently provided $7.4 million in financing to Woodgreen Rocky Hill, LLC, for the refinancing of a mixed-use property known as Waterchase Center in Rocky Hill, Connecticut.

Waterchase Center consists of 107,654 square-feet of mixed-use retail and office space. Built in 1988 and renovated in 2012, the Center includes six tenant spaces ranging in size from 6,574 to 56,850 square feet. Current tenants include the Porter and Chester Institute, DaVita HealthCare Partners, Namco Pool, Patio & Game Room Superstore, and Connecticut GI. The Center is located at 30 Waterchase Drive in Rocky Hill, situated in the southern section of Hartford County and surrounded by Wethersfield, Berlin, Newington and Glastonbury.

“Waterchase Center is a well-positioned retail center that delivers important service providers to Rocky Hill,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “Washington Trust is pleased to work with new client Woodgreen Management.”

Woodgreen Rocky Hill, LLC is a single asset limited liability company of Woodgreen Management, Inc., which provides commercial real estate investment opportunities and property management services for retail and office properties throughout New England.

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/.