real estate

Wash Trust provides $3.8M for R.I., Conn. projects

Posted 12/11/12

WESTERLY – The Washington Trust Co. recently provided nearly $3.8 million to two customers for the purchase of commercial properties in Rhode Island and Connecticut.

Tender Hearts Child Care and Learning Center Inc. and Terrace Properties signed up for a $1.45 million commercial mortgage to purchase two commercial condominium units at 935 Jefferson Blvd. in Warwick that house Tender Hearts’ operations.

“Tender Hearts Child Care Center has an excellent reputation and is perfectly located within a key Rhode Island business district,” said Joseph J. MarcAurele, Washington Trust chairman, president and CEO.

Kleban Newington LLC, a subsidiary of Kleban Properties, took out a $2.34 million mortgage to purchase a 10,478-square-foot retail plaza in Newington, Conn., that includes two restaurants. Kleban Properties in a fourth-generation family business that owns and operates nearly 1 million square feet of commercial space and has the largest taxable holdings in Fairfield, Conn.

Commenting on the property, MarcAurele said that it “is well located with excellent frontage on a highly-trafficked retail corridor.”

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News