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Finance
Posted: November 28, 2025
Washington Trust provides $12.4 million in financing for 45,658 s/f retail plaza
Norwalk, CT Washington Trust recently provided $12.4 million in financing to 390 Westport Ave., LLC for a 45,658 s/f retail plaza.
The shopping center is anchored by Marshalls, an apparel and home fashion store owned by Fortune 100 company TJX, and has maintained strong occupancy and cash flow over time. M.F. DiScala has owned 390 Westport Ave., LLC for more than 40 years and the property continues to deliver solid results in a prime location.
“This transaction underscores our focus on financing strong, well-performing assets,” said Washington Trust senior vice president and commercial real estate team leader Bethany Lyons. “We were pleased to establish a new relationship with M.F. DiScala and offer a structure that supports their long-standing success in a market we greatly care about and deeply value.”
Washington Trust’s Commercial Real Estate Group provides financing for the construction, refinancing, or acquisition of investment real estate projects. Loans range from several hundred thousand dollars to multi-million dollar transactions.
M.F. DiScala, headquartered in Norwalk, operates across 11 states and 27 cities, with a portfolio exceeding 11 million s/f of commercial property. The firm focuses on acquiring, developing, managing and leasing warehouse and distribution facilities and commercial properties, currently managing more than 60 properties nationwide.
Washington Trust closed the loan in October 2025.
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