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Washington Trust Finances Newington Retail Plaza

December 4, 2012 | Reprints | Unlock Link | Print

3260 Berlin Turnpike, Newington Washington Trust recently provided $2.3 million in commercial real estate financing to Kleban Newington LLC for the purchase of a retail plaza.

The 10,478-square-foot retail plaza at includes two restaurants.

The sponsor, Kleban Properties, is a family-owned value added real estate developer that owns and operates professional and retail properties in town centers across Connecticut and in several locations on the East Coast. The family-owned business owns and operates nearly 1 million square feet of commercial space and has the largest taxable holdings in Fairfield.

"This property is well located with excellent frontage on a highly-trafficked retail corridor. The bank is pleased to provide commercial mortgage financing to Kleban," said Joseph J. MarcAurele, Washington Trust chairman, president and chief executive officer.