WESTERLY – Washington Trust’s Commercial Real Estate Group recently provided $3.4 million to refinance a Walgreen’s mortgage in Connecticut.
The Walgreens, at 275 Monroe Turnpike in Monroe, Conn., is the second drugstore Washington Trust has refinanced in as many weeks, as the real restate group announced a similar refinancing package last week for a Walgreens in Providence.
The Monroe Walgreens sits on two acres of property off Route-111 in Fairfield County, accessible from I-95 and Merritt Parkway. Washington Trust chairman and CEO Joseph J. MarcAurele remains bullish on his real restate group’s dealing with the country’s largest drugstore chain.
“Monroe is one of Connecticut’s most desirable suburbs, with a strong retail presence from which Walgreens can benefit,” MarcAurele said.
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