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Brokerage
Posted: September 22, 2009
Washington Tr. provides $5.2 million financing for Kingstown Plaza
Washington Trust's Commercial Real Estate Group recently provided $5.2 million in financing to The Kingstown Plaza LP of North Kingstown for the purpose of refinancing current debt on an 88,000 s/f retail plaza and to provide funds for future projects. Current tenants in the plaza include TJ Maxx and Home Goods.
The Kingstown Plaza LP is managed by Louis Grossman, president and treasurer of The Grossman Companies, Inc. The Grossman Companies focus on real estate development, property management, and brokerage, with its primary focus on the New England area.
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Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
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