HOPKINTON – Bank Rhode Island this month closed a $1.2 million refinancing deal with KSL Realty Cranston LLC to expand a local retail plaza.
The deal will help the real estate company construct an addition to the plaza located at 229 Main St. in the Ashaway village of Hopkinton. The addition will allow its anchor tenant, Hopkinton Liquor Depot, to expand its retail space from 7,000 square feet to more than 11,000 square feet, according to a press release.
“The retail plaza at 229 Main Street, with its convenient proximity to Route 3, is in a high-transportation area used by Rhode Islanders and visitors heading to the coastline and scenic southern part of the state,” said Jane Long, assistance vice president of commercial real estate for Bank Rhode Island.
Bank Rhode Island is owned by Boston-based Brookline Bancorp Inc., and has 20 branches throughout Rhode Island.
