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Thu, Oct 18
A Compendium of Property & Capital News
Thu
Oct 18
A Compendium of Property & Capital News

Washington Trust Provides $11.7 Million for Mixed-Use Sale in Westport, CT

April 20, 2018 - By The Real Reporter
180 Post Road, Westport CT

WESTPORT, CT–Washington Trust’s Commercial Real Estate Group provided $11.7 million in financing to JPM Westport, LLC, for the acquisition of a mixed-use commercial property.

The two-story property was built in 1969 and is located on a 1.33-acre site at 180 Post Road in Westport. Featuring a total of 34,062 square feet, the building is separated into five retail spaces ranging in size from 1,100 to 4,000 square-feet on the ground floor and ten office spaces ranging in size from 1,154 to 6,250 square-feet on the second floor. The property also includes a 100-space adjacent parking lot located one block from Main Street, one of the premier retail locations in CT.

“Washington Trust was very pleased to begin a relationship with Accel International, financing their acquisition of this premier Westport asset,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “With its proximity to the downtown shopping and commercial district of Westport, the property’s retail and office spaces are highly desirable,” adds Slom.

Accel International is the parent company of JPM Westport.“Washington Trust provided the best financial tools with great follow up and detail to make this investment opportunity a seamless acquisition,” confirmed Jodi Oh, a principal of Accel.

Julia Anne Slom