News:
Brokerage
Posted: March 24, 2010
Washington Trust provides $5.2m refinancing for Silver Commons S.C.
Washington Trust's Commercial Real Estate Group has provided $5.2 million in financing to Meriden Retail, LLC for refinancing the Silver Commons Shopping Center, located along South Broad St. on Rte. 5.
The property consists of a multi-tenanted retail building and a free-standing bank branch totaling 26,260 s/f. The center is leased to a variety of regional and national tenants including Starbucks, Cold Stone Creamery, AT&T, Aspen Dental, Hair Cuttery, Fed Ex/Kinko's, Liberty Travel, and Pizza Hut.
"We wish Meriden Retail the best of luck with the Silver Commons Shopping Center, a complex that offers great retail shopping to the central Connecticut market," said Joseph MarcAurele, Washington Trust's president and chief operating officer.
MORE FROM Brokerage
Arnold of Mott & Chace Sotheby’s International Realty sells 17 Ferolbink Way for $4.5 million
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
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.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
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.