GM Plans C$1.1 Billion Canada Investment Amid U.S. Tariff Pressure 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Aon Nears $17 Billion Deal to Buy USI Insurance From KKR 
France Targets Shein, Temu With Fast-Fashion Fees 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
CATL Shares Fall as Hungary Plant Faces Safety Halt 
Berkshire Hathaway Eyes Bigger Stakes in Japan’s Top Trading Houses 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
OpenAI Rejects Apple Trade Secret Theft Claims 
Lynas Rare Earths Shares Rise After Takeover Talks Revealed 
BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
Shein Shares Drop 5% After Weak Hong Kong IPO Debut 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Add as a preferred source on Google
TRUMBULL, Conn., March 19, 2018 -- Washington Trust’s Commercial Real Estate Group recently provided $6.6 million to CH Commerce Drive Associates, LLC, and City Park Commerce Drive, LLC, for the refinancing and tenant improvements of a multi-tenant office/industrial property in Trumbull, Connecticut.
Formerly the North American headquarters of the Pilot Pen Corporation, the 14 acre property, located at 60 Commerce Drive in Trumbull, consists of two inter-connected buildings totaling 83,193 square-feet of space. The front building of the property is comprised of three levels totaling 15,505 square-feet of office space, while the rear building includes 67,688 square-feet of both office and industrial space. The property’s campus-like setting features two aerated ponds, outdoor patios, and extensive plantings and landscaping throughout.
“Washington Trust is very pleased to be part of CH Commerce Drive Associate’s transformation of this significant property,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “In an idyllic setting, our client has done significant upgrades and redevelopment of the buildings, making them ready for current tenancy. Well located, this opportunity fits well with Cambridge Hanover’s expertise in transforming underutilized space into functional, attractive and well leased properties.”
60 Commerce Drive is owned by CH Commerce Drive Associates, LLC, and City Park Commerce Drive, LLC, and managed by Cambridge Hanover, Inc., a privately held industrial real estate investment firm headquartered in New Canaan, CT.
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 401-348-1482 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 Nunes
Public Relations
401.348.1657
[email protected]
