East Greenwich Office Park is Refinanced

Washington Trust’s Commercial Real Estate Group recently provided $11.5 million to Valley Place Office Park for the refinancing of a 126,000 square-foot office space at 1351 South County Trail in East Greenwich.

“We were pleased to help refinance Valley Place Office Park,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “It is a well-diversified property as indicated by its tenancy being both medical as well as traditional offices. Its strong location and versatile floor plates suit the property well for an ever changing tenant mix.”

The office park is comprised of four standalone buildings mainly used as medical office space.

Valley Place Office Park was developed and is managed by Lincoln-based FH French Real Estate, a property development company specializing in investment opportunities throughout southern New England.

Town records show the land and building are valued at $9.4 million, according to the most recent assessment.

The complex was built in 2000.