Washington Trust Provides $2.5 Million In Financing For CVS Pharmacy In Long Island, NY

Westerly, R.I., Nov. 16, 2016 (GLOBE NEWSWIRE) -- Washington Trust's Commercial Real Estate Group recently provided $2.5 million to W.H.M. Realty, LLC, for the refinancing of a 10,880 square-foot CVS Pharmacy located on the South Shore of Long Island, in Bay Shore, New York.

The Pharmacy is situated on a 1.4-acre lot located on the corner of 5th Avenue and Brooks Avenue in Bay Shore. The building reflects the typical CVS prototype and includes access points from both avenues and on-site parking for 50 vehicles. CVS Health Corporation is the largest pharmacy chain in the US with more than 9,600 stores worldwide. 

"Washington Trust is pleased to expand its relationship with W.H.M. Realty with another strategically placed and well maintained asset," said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust's Commercial Real Estate Group.

W.H.M. Realty, LLC is a Connecticut based limited liability company.

Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Timothy Pickering, Senior Vice President, Commercial Real Estate Group, at 401-401-1482 or 1-800-475-2265 ext. 1482.

ABOUT WASHINGTON TRUST ®Founded in 1800,  Washington Trust is the oldest community bank in the nation and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ:WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.

MEDIA CONTACT:  Tony NunesPublic Relations401.348.1657ajnunes@washtrust.com

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