Washington Trust Provides $2.6 Million in Financing for Walgreens Drugstore in Providence, RI

According to Yahoo Finance, Washington Trust’s Commercial Real Estate Group recently provided $2.6 million to Curo Elmwood, LLC, for the refinancing of a Walgreens drugstore located at 533 Elmwood Avenue in Providence, RI. The 2.13-acre property, well located in South Providence, provides customers with 13,930 square-feet of retail space including a pharmacy drive through window. Walgreen’s is the largest drugstore chain in the US, and the Elmwood Avenue location is currently one of the Company’s highest producing stores.

“With the heavy traffic on Elmwood Avenue and familiarity of the Walgreens name, this property is primed for continued success,” said Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer.

Curo Elmwood, LLC is managed by Curo Enterprises out of New York.

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