Pawtucket, RI Washington Trust’s commercial real estate group provided $5.8 million to Linear Retail Properties, LLC, for the financing of Blackstone Place, a retail center located at 727 East Ave.
Originally built in 1963, Blackstone Place is comprised of two buildings with ten retail spaces totaling 37,470 s/f. The shopping center is fully leased, anchored by Rite Aid, with additional tenants including Hillside Family Medical, Dunkin’ Donuts and others. Blackstone Place is set in one of Pawtucket’s main retail corridors, located 2.5 miles north of downtown Providence.
“This extremely vibrant neighborhood plaza fits well with Linear Retail’s acquisition strategy and we are happy to expand our relationship assisting with this purchase,” said Julia Anne Slom, senior vice president and team leader of Washington Trust’s commercial real estate group. “The tenant mix of restaurants, necessity retail and convenience result in a well trafficked destination for the neighborhood.”