Washington Trust provides $3.1M for refinancing of Conn. Walgreens

NEWINGTON, Conn. – The Washington Trust Co.’s commercial real estate group recently provided $3.1 million to a Connecticut business to refinance a 14,490-square-foot Walgreens Pharmacy in town.
“The developers have strong experience in this type of retail asset,” said Julia Anne M. Slom, senior vice president and team leader of the bank’s commercial real estate group.
The financing package went to 2920 Berlin Turnpike LLC, owner of the Walgreens, which is located on 3.2 acres in Newington.
“It is well-placed and an important amenity to the neighborhood. We are very pleased to have been able to provide a financing solution,” Slom said.

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