Washington Trust provides $1.3 million in financing, construction for new Dollar General

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Washington Trust’s Commercial Real Estate Group recently provided $1.3 million to MCG Johnston LLC for construction and permanent financing of a 9,100-square foot Dollar General retail store in Johnston. Dollar General was founded in 1939 and operates more than 15,500 stores across 44 states.

The store, located at Hartford Avenue/Pine Grove Avenue in Johnston, is conveniently located on Route 6, less than two miles from I- 295. The neighborhood has great highway access and is well developed with both commercial and residential properties.

“We are happy to expand our lending relationship with MCG Johnston, LLC,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust Commercial Real Estate Group. “The new Dollar General is a well-located amenity for Johnston residents, and sure to be a successful addition to our client’s retail portfolio.”

Washington Trust’s Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects.

For more information, contact Kevin Hanrahan, vice president, Commercial Real Estate Group, at 348-1354 or kmhanrahan@washtrust.com.

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