15/03/2019 18:33:59

Washington Trust Provides $17.4 Million in Financing for Class-A Office Building on Gorham Island in Westport, CT

WESTPORT, Conn., March 15, 2019 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group recently provided $17.4 million in financing to Maplewood Gorham Island, LLC, for the acquisition of a class-A office building on Gorham Island in Westport, Connecticut. Originally built in 1986, the 3-story, 40,897 square-foot building is located on a private island on the Saugatuck River. The 7.06-acre property’s unique island setting provides panoramic views of the Saugatuck and sits in close proximity to downtown Westport.

Tenants of the Gorham Island property include Maplewood Senior Living, a provider of senior residences across CT, MA, NY, and OH; the Corporate headquarters of PetVet, a veterinary service provider; Team Tankers International, a leading chemical tanker company; and an office for U.S Trust, a subsidiary of the Bank of America Corporation. 

“Washington Trust is excited to be involved with such a premier property in Westport,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “Its location and quality are fabulous, and we are appreciative of the opportunity to do more business with these clients.”

Maplewood Gorham Island, LLC, is a single asset limited liability company.

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.



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/.



Tony Nunes

Public Relations




The Washington Trust Company logo

Related content
30 Apr - 
Washington Trust Wealth Management Announces Weston Fin..
23 Apr - 
Washington Trust Annual Meeting Highlights Record 2018 ..
22 Apr - 
Washington Trust Reports First Quarter 2019 Earnings

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg


EuroInvestor: In Focus


EuroInvestor: In Focus


EuroInvestor: In Focus

Most read news

  • 24 hours
  • 48 hours
  • 1 week
Immuron Prices Underwritten Public Offering of ADSs
CORRECTING and REPLACING -- Motionsoft Closes $17 Million Financing
Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against PriceSmart, Inc. (NASDAQ: PSMT) and Encourages PriceSmart Investors to Contact the Firm
Bang® Energy Europe is Still in Business Despite False Reports of Ban

Related stock quotes

Latest news

Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
24 May 2019 16:53:19
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190514.2 - EUROWEB4 - 2019-05-24 17:53:19 - 2019-05-24 16:53:19 - 1000 - Website: OKAY