Washington Trust backs 18,000 sqf Danbury, CT retail scheme

22 April 2016

A joint venture between The Grossman Companies and Summit Development, SG Newtown Road Partners has secured financing from Washington Trust’s Commercial Real Estate Group for the construction of a retail scheme in Danbury, CT. Made up of three buildings, the 18,000 sqf project located at 74 Newtown Road includes two outparcels currently occupied by Texas Roadhouse and Popeye’s restaurants and a 7,650 sqf in-line space occupied by Aspen Dental, T-Mobile and Doctor’s Express. “Our borrowers were able to identify and leverage a strategic location in a strong retail market in Danbury as evidenced by the exceptional pre-leasing at the site,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “We look forward to working with them on this project.”

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