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New Haven Office Tower Will Renovate With Washington Trust Financing

September 23, 2016 | Reprints | Unlock Link | Print

Washington Trust’s commercial real estate group has provided $12 million in financing to the owner of an office high-rise in New Haven.

The 195 Church St. property, owned by 195 Church Street Assoc. LLC, will use the funds for

equity recapture and tenant improvements to the 18-story, multitenant building.

Located directly across from the New Haven Green, the 246,495-square-foot office was originally built by New Haven Savings Bank in 1974. Capital improvements to the property will include renovations to the lobby and bathrooms, new energy efficient windows, the relocation of a First Niagara Bank branch and various other tenant improvements.

The property is managed by New Haven-based Northside Development Co.