Washington Trust Provides $1.075 Million in Financing for Purchase of Leominster Property

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Thursday, August 11, 2016

GoLocalWorcester Business Team

Washington Trust's Commercial Real Estate Group recently provided $1.075 million in financing to H&A Kaufman Realty, LLC, for the acquisition of a 7,225 square-foot retail property in Leominster.

“The Kaufman family have been long term clients for our company and we are pleased to be able to expand our relationship further with the financing of this well placed retail asset. Their experience in locating, tenanting and maintaining quality assets is the reason they are successful and we are happy to have provided a financing package that met their needs,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group.

Construction on the property, located along Route 12, at 780 Central Street was finished in early 2016 to accommodate its sole tenant; O'Reilly Auto Parts. O'Reilly Auto Parts was founded in 1957 by the O'Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the US.