Washington Trust Invests $12.4 Million in Norwalk Retail Center
On November 18, 2025, Washington Trust announced a significant financial commitment of $12.4 million towards the development of a retail plaza located at 390 Westport Avenue, LLC in Norwalk, Connecticut. This impressive property spans 45,658 square feet and is notably anchored by Marshalls, a leading apparel and home fashion retailer owned by the Fortune 100 company TJX. With a long-standing history of high occupancy and robust cash flow, this retail plaza exemplifies a strong investment opportunity in the commercial real estate market.
The proud owner of 390 Westport Avenue, LLC, M.F. DiScala, has managed this property for over four decades, achieving remarkable success in a prime location that continues to attract consumers. The sustainable performance of this shopping center reflects not only its enduring appeal but also the strategic foresight in its management.
Bethany Lyons, Senior Vice President and Commercial Real Estate Team Leader at Washington Trust, emphasized the importance of this transaction, stating, "This transaction underscores our focus on financing strong, well-performing assets. We were pleased to establish a new relationship with M.F. DiScala and offer a structure that supports their long-standing success in a market we greatly care about and deeply value."
Beyond the financing of this particular project, Washington Trust's Commercial Real Estate Group is dedicated to supporting a range of investment real estate projects. Their financing options cater to the diverse needs of clients, accommodating loans from several hundred thousand dollars to multi-million dollar transactions tailored for acquisitions, refinancing, or construction.
M.F. DiScala is a powerhouse in the commercial real estate sector, operating across 11 states and 27 cities, managing a substantial portfolio that exceeds 11 million square feet of commercial property. Their focus on acquiring, developing, managing, and leasing warehouse and distribution facilities alongside retail spaces underscores their strategic approach in the real estate market. Currently, they oversee more than 60 properties nationwide, demonstrating their extensive reach and expertise.
Washington Trust has a distinguished history, being established in 1800 and recognized as the nation's oldest community bank. As the largest state-chartered bank headquartered in Rhode Island, it stands as a cornerstone financial institution in New England, dedicated to improving the financial lives of the people, businesses, and organizations across the region. The bank has recently celebrated 225 years of service in 2025, a testament to its enduring commitment to support the local economy with an array of banking services, including commercial and personal banking, mortgage options, and wealth management strategies.
In addition to their impressive portfolio of services, Washington Trust remains a member of the FDIC and is an equal housing lender, ensuring that they uphold high standards of service and support for their clients. As an entity listed on NASDAQ under the ticker WASH, Washington Trust demonstrates a commitment to transparency and accountability in its operations.
For more information about Washington Trust and their commercial real estate services, interested parties can visit their website at www.washtrust.com or reach out directly to Bethany Lyons at 401-348-1538. This recent investment in Norwalk showcases Washington Trust's strategic vision and dedication to fostering growth within the commercial real estate arena, dedicated to sustaining and leveraging positive economic impacts.
The proud owner of 390 Westport Avenue, LLC, M.F. DiScala, has managed this property for over four decades, achieving remarkable success in a prime location that continues to attract consumers. The sustainable performance of this shopping center reflects not only its enduring appeal but also the strategic foresight in its management.
Bethany Lyons, Senior Vice President and Commercial Real Estate Team Leader at Washington Trust, emphasized the importance of this transaction, stating, "This transaction underscores our focus on financing strong, well-performing assets. We were pleased to establish a new relationship with M.F. DiScala and offer a structure that supports their long-standing success in a market we greatly care about and deeply value."
Beyond the financing of this particular project, Washington Trust's Commercial Real Estate Group is dedicated to supporting a range of investment real estate projects. Their financing options cater to the diverse needs of clients, accommodating loans from several hundred thousand dollars to multi-million dollar transactions tailored for acquisitions, refinancing, or construction.
M.F. DiScala is a powerhouse in the commercial real estate sector, operating across 11 states and 27 cities, managing a substantial portfolio that exceeds 11 million square feet of commercial property. Their focus on acquiring, developing, managing, and leasing warehouse and distribution facilities alongside retail spaces underscores their strategic approach in the real estate market. Currently, they oversee more than 60 properties nationwide, demonstrating their extensive reach and expertise.
Washington Trust has a distinguished history, being established in 1800 and recognized as the nation's oldest community bank. As the largest state-chartered bank headquartered in Rhode Island, it stands as a cornerstone financial institution in New England, dedicated to improving the financial lives of the people, businesses, and organizations across the region. The bank has recently celebrated 225 years of service in 2025, a testament to its enduring commitment to support the local economy with an array of banking services, including commercial and personal banking, mortgage options, and wealth management strategies.
In addition to their impressive portfolio of services, Washington Trust remains a member of the FDIC and is an equal housing lender, ensuring that they uphold high standards of service and support for their clients. As an entity listed on NASDAQ under the ticker WASH, Washington Trust demonstrates a commitment to transparency and accountability in its operations.
For more information about Washington Trust and their commercial real estate services, interested parties can visit their website at www.washtrust.com or reach out directly to Bethany Lyons at 401-348-1538. This recent investment in Norwalk showcases Washington Trust's strategic vision and dedication to fostering growth within the commercial real estate arena, dedicated to sustaining and leveraging positive economic impacts.
Topics Business Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.