Washington Trust finances $15.6M Connecticut office building

SHELTON, Conn. – The Washington Trust Co. recently provided $15.6 million to finance a five-story office building in Shelton, Conn.

The Westerly bank’s commercial real estate arm made the deal with 4 Research Properties LLC, which owns Reservoir Corporate Center, a 158,000-square-foot, Class-A office building.

4 Research Properties is an LLC of Rugby Realty Co., a real estate company that purchases, develops and manages real estate holdings and owns and operates 8 million square feet of commercial real estate throughout the Eastern Seaboard.

“This asset, boasting Class-A amenities and strong occupancy, is an exciting compliment to the Rugby Realty portfolio and we are pleased to have provided financing,” said Julia Anne M. Slom, senior vice president, team leader of the bank’s Commercial Real Estate Group.

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