Wash. Trust real estate group refinances CVS property

WESTERLY – The Washington Trust Co. commercial real estate group recently provided $2.9 million in a refinancing package for a Lincoln property occupied by CVS Health Corp.

Washington Trust, a Washington Trust Bancorp Inc. company, struck the $2.9 million deal with Blackstone Centre LP, which is to refinancing of a 27,000 square-foot office building in Lincoln. The property, built in 1998, is currently occupied by CVS customer service operations and its call center, according to a press release.

FH French Real Estate, a property development company specializing in investment deals throughout southern New England, manages Blackstone Centre.

“Washington Trust is pleased to expand our relationship with FH French, which developed and maintained this strategic asset in a way that appealed to CVS, one of our area’s largest employers,” said Julia Anne M. Slom, senior vice president and team leader of Washington Trust commercial real estate group.

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