Washington Trust provides $1M for retail site

LEOMINSTER, Mass. – Washington Trust’s commercial real estate division recently provided a $1 million financing package for the acquisition of a 7,225-square-foot retail property in Leominster.
The funding went to H&A Kaufman Realty LLC to purchase the building at 790 Central St. along Route 12. Construction of the property ended earlier this year, and the sole tenant is O’Reilly Auto Parts. The retailer of automotive amenities is one of the largest in the country.
“The Kaufman family have been long-term clients for our company and we are pleased to be able to expand our relationship further with the financing of this well-placed retail asset,” said Julia Anne M. Slom, senior vice president and team leader of Washington Trust’s Commercial Real Estate Group. “Their experience in locating, tenanting and maintaining quality assets is the reason they are successful and we are happy to have provided a financing package that met their needs.”

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