Washington Trust provides $4.95 million to 426 Main Avenue Associates for Four Points by Sheraton
Washington Trust's Commercial Real Estate Group recently provided $4.95 million to 426 Main Avenue Associates, LLC for the refinancing of the Four Points by Sheraton. The 70,209 s/f hotel contains 127 guest rooms, meeting space, fitness center, and a newly renovated restaurant and lounge.
"The property is located in the heart of Norwalk's corporate financial district with easy access to the Merritt Pkwy., I-95, and Metro North rail service, making it a convenient lodging choice for the greater New York City area." said Joseph MarcAurele, Washington Trust chairman, president, and chief executive officer.
Lakeville, CT Houlihan Lawrence Commercial, a division of Houlihan Lawrence, a real estate firm serving Connecticut and New York City’s northern suburbs, has brokered the sale for $3.5 million of the Wake Robin Inn, a 15,800 s/f historic inn located on 11.52 acres at 106 Sharon Rd.