Washington Trust provides $1.8m financing for Hoxsie Properties
The Washington Trust Company's Commercial Lending Group is providing $1.8 million in financing to Hoxsie Properties, LLC for the construction of a three unit, 6,500 s/f retail building, with tenants to include Starbucks and Papa Ginos, at 17 Airport Rd. Hoxsie Properties is a realty holding company owned by Brian Bucci.
"Washington Trust is happy to provide financing to Hoxsie Properties, LLC, for their new retail site on Airport Road," said John Warren, chairman and CEO of The Washington Trust Company. "As Warwick continues its growth, these establishments will serve this expanding market."
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
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.