{"id":1004089553,"date":"2014-01-11T14:17:25","date_gmt":"2014-01-11T22:17:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=230443"},"modified":"2025-02-19T02:54:20","modified_gmt":"2025-02-19T10:54:20","slug":"washington-trust-provides-financing-for-providence-parking-smithfield-retail-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/washington-trust-provides-financing-for-providence-parking-smithfield-retail-assets\/","title":{"rendered":"Washington Trust Provides Financing for Providence Parking, Smithfield Retail Assets"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p>Normal<br \/>\n0<\/p>\n<p>\n21<\/p>\n<p>\nfalse<br \/>\nfalse<br \/>\nfalse<\/p>\n<p>RO<br \/>\nX-NONE<br \/>\nX-NONE<\/p>\n<p>\n<!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 10]&gt;--><\/p>\n<p>\/* Style Definitions *\/<br \/>\ntable.MsoNormalTable<br \/>\n{mso-style-name:&#8221;Table Normal&#8221;;<br \/>\nmso-tstyle-rowband-size:0;<br \/>\nmso-tstyle-colband-size:0;<br \/>\nmso-style-noshow:yes;<br \/>\nmso-style-priority:99;<br \/>\nmso-style-parent:&#8221;&#8221;;<br \/>\nmso-padding-alt:0cm 5.4pt 0cm 5.4pt;<br \/>\nmso-para-margin-top:0cm;<br \/>\nmso-para-margin-right:0cm;<br \/>\nmso-para-margin-bottom:10.0pt;<br \/>\nmso-para-margin-left:0cm;<br \/>\nline-height:115%;<br \/>\nmso-pagination:widow-orphan;<br \/>\nfont-size:11.0pt;<br \/>\nfont-family:&#8221;Calibri&#8221;,&#8221;sans-serif&#8221;;<br \/>\nmso-ascii-font-family:Calibri;<br \/>\nmso-ascii-theme-font:minor-latin;<br \/>\nmso-hansi-font-family:Calibri;<br \/>\nmso-hansi-theme-font:minor-latin;<br \/>\nmso-fareast-language:EN-US;}<\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/Smithfield-Commons-in-RI.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-230450\" title=\"Smithfield Commons in RI\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/Smithfield-Commons-in-RI.jpg\" alt=\"\" width=\"300\" height=\"193\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Washington Trust&#8217;s commercial real estate group has provided $6.5 million in financing to Civic Center Parking Associates L.L.C. for a 438-space parking garage and two surface parking lots, in Providence. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Known as Civic Center Parking, the five-story facility is located at 165-191 Washington St., near Trinity Repertory Company, the Dunkin Donuts Center and directly across from Hasbro\u2019s new office building. The surface parking lots are located at 143 Washington St. and 132 Fountain St., respectively.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cCivic Center Parking provides convenient parking for people who work in the City of Providence, or patronize the restaurants, shops and entertainment facilities in the Downcity Arts District,\u201d Washington Trust chairman &amp; CEO\u00a0Joseph MarcAurele said in a statement. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In related news, Washington Trust also provided $7.2 million in financing to Linear Retail Smithfield L.L.C. for the renovation of Smithfield Commons, a 35,130-square-foot shopping center at 400 Putnam Pike in Smithfield <em>(pictured)<\/em>. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Located less than a mile from Interstate 295 off Route 44, the property features a mix of \u00a0national and regional retailers, including Starbucks, Sienna Restaurant, Papa Gino\u2019s, Concentra, Verizon, Sprint, H&amp;R Block, UPS, and Sovereign Bank. <\/span><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Photo credits: www.loopnet.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington Trust&#8217;s commercial real estate group has recently provided $6.45 million in financing to Civic Center Parking Associates LLC for a 438-space parking garage, with two adjacent 39-space parking lots, in Providence.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004089553","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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