Washington Trust provides $12.4 million in financing for Norwalk, Connecticut retail plaza
Washington Trust (WASH) provided $12.4 million in financing to 390 Westport Avenue, LLC to support a 45,658-square-foot retail plaza in Norwalk, Connecticut.
The center is anchored by Marshalls (TJX), has maintained strong occupancy and cash flow, and the loan was closed in October 2025. Borrower M.F. DiScala has owned the property for more than 40 years and manages a portfolio exceeding 11 million square feet across 11 states and 27 cities.
Washington Trust highlighted this deal as part of its commercial real estate lending activity, which covers construction, refinancing, and acquisitions from several hundred thousand to multi-million dollar loans.
Washington Trust (WASH) ha fornito un finanziamento di $12,4 milioni a 390 Westport Avenue, LLC per sostenere un centro commerciale al dettaglio di 45.658 piedi quadrati a Norwalk, Connecticut.
Il centro è ancorato da Marshalls (TJX), ha mantenuto una forte occupazione e flusso di cassa, e il prestito è stato chiuso nell'ottobre 2025. L'emittente/mutuatario M.F. DiScala possiede la proprietà da oltre 40 anni e gestisce un portafoglio che supera 11 milioni di piedi quadrati in 11 stati e 27 città.
Washington Trust ha evidenziato questa operazione come parte della sua attività di prestiti nel settore immobiliare commerciale, che comprende costruzione, rifinanziamento e acquisizioni da centinaia di migliaia a prestiti multimilionari.
Washington Trust (WASH) proporcionó $12.4 millones en financiamiento a 390 Westport Avenue, LLC para respaldar un centro comercial minorista de 45.658 pies cuadrados en Norwalk, Connecticut.
El centro está anclado por Marshalls (TJX), ha mantenido una alta ocupación y flujo de caja, y el préstamo se cerró en octubre de 2025. El prestatario M.F. DiScala ha sido propietario de la propiedad por más de 40 años y gestiona una cartera que supera 11 millones de pies cuadrados en 11 estados y 27 ciudades.
Washington Trust destacó este acuerdo como parte de su actividad de préstamos de bienes raíces comerciales, que abarca construcción, refinanciamiento y adquisiciones desde varios cientos de miles hasta préstamos multimillonarios.
Washington Trust (WASH)는 노콰크, 코네티컷의 45,658 제곱피트 규모의 소매 광장을 지원하기 위해 1,240만 달러의 자금을 390 Westport Avenue, LLC에 제공했습니다.
센터의 주요 임차인은 Marshalls (TJX)이며 점유율과 현금 흐름이 양호했고 대출은 2025년 10월에 마감되었습니다. 차주 M.F. DiScala는 이 부동산을 40년 이상 소유해 왔으며 11개 주, 27개 도시에 걸쳐 1,100만 제곱피트 이상의 포트폴리오를 관리합니다.
Washington Trust는 건설, 재융자, 인수를 포함하는 상업용 부동산 대출 활동의 일환으로 이 거래를 강조했습니다. 대출 규모는 수십만 달러에서 수백만 달러에 이릅니다.
Washington Trust (WASH) a accordé un financement de 12,4 millions de dollars à 390 Westport Avenue, LLC pour soutenir un centre commercial de détail de 45 658 pieds carrés à Norwalk, Connecticut.
Le centre est ancré par Marshalls (TJX), a conservé un fort taux d'occupation et un flux de trésorerie positif, et le prêt a été clôturé en octobre 2025. L'emprunteur M.F. DiScala possède la propriété depuis plus de 40 ans et gère un portefeuille dépassant 11 millions de pieds carrés répartis sur 11 états et 27 villes.
Washington Trust a mis en avant cette affaire dans le cadre de ses activités de prêt en immobilier commercial, qui couvrent la construction, le refinancement et les acquisitions, allant de centaines de milliers à des prêts multimillionaires.
Washington Trust (WASH) stellte 12,4 Millionen Dollar Finanzierung an die 390 Westport Avenue, LLC bereit, um eine 45.658 Quadratfuß große Einzelhandelsanlage in Norwalk, Connecticut, zu unterstützen.
Das Zentrum wird von Marshalls (TJX) verankert, hat eine starke Belegung und Cashflow beibehalten, und der Kredit wurde im Oktober 2025 abgeschlossen. Der Kreditnehmer M.F. DiScala besitzt die Immobilie seit mehr als 40 Jahren und verwaltet ein Portfolio von über 11 Millionen Quadratfuß in 11 Bundesstaaten und 27 Städten.
Washington Trust hob dieses Geschäft als Teil seiner Aktivitäten im Bereich Gewerbeimmobilienkredite hervor, zu denen Baufinanzierung, Refinanzierung und Übernahmen gehören und die von mehreren hunderttausend bis zu mehrmilllionen Dollar reichen.
Washington Trust (WASH) قدّم تمويلاً بقيمة $12.4 مليون إلى 390 Westport Avenue, LLC لدعم مركز تجاري للبيع بالتجزئة بمساحة 45,658 قدم مربع في نورواك، كونيتيكت.
المركز مدعوم من Marshalls (TJX)، واحتفظ بمعدلات إشغال قوية وتدفق نقدي جيد، وتم إغلاق القرض في أكتوبر 2025. المُقرض له M.F. DiScala يمتلك العقار لأكثر من 40 عامًا ويدير محفظة تتجاوز 11 مليون قدم مربع عبر 11 ولاية و27 مدينة.
أبرزت Washington Trust هذه الصفقة كجزء من نشاطها في الإقراض العقاري التجاري، الذي يغطي البناء وإعادة التمويل والاستحواذات من مئات الآلاف إلى قروض بملايين الدولارات.
- $12.4M loan closed in October 2025
- Financing covers a 45,658 sq ft retail plaza
- Property anchored by Marshalls (TJX)
- Borrower portfolio > 11 million sq ft across 11 states
- None.
Insights
Washington Trust funded a
The loan finances a 45,658-square-foot retail plaza at 390 Westport Avenue anchored by Marshalls (TJX). The borrower, M.F. DiScala, has owned the asset for over 40 years and manages a national portfolio exceeding 11 million square feet. Closed in
Credit strength rests on sustained occupancy and cash flow from a national anchor tenant. Risks include retail sector volatility and single-asset concentration, though long ownership history reduces immediate execution risk. Monitor rent rollover schedules, occupancy metrics, and any loan maturity or covenant dates over the next 12–36 months.
The shopping center is anchored by Marshalls, an apparel and home fashion store owned by Fortune 100 company TJX, and has maintained strong occupancy and cash flow over time. M.F. DiScala has owned 390 Westport Avenue, LLC for more than 40 years and the property continues to deliver solid results in a prime location.
"This transaction underscores our focus on financing strong, well-performing assets," said Washington Trust Senior Vice President and Commercial Real Estate Team Leader Bethany Lyons. "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."
Washington Trust's Commercial Real Estate Group provides financing for the construction, refinancing, or acquisition of investment real estate projects. Loans range from several hundred thousand dollars to multi-million dollar transactions. For more information, contact Bethany Lyons, Senior Vice President and Team Leader, Washington Trust Commercial Real Estate, at 401-348-1538 or visit https://www.washtrust.com/commercial.
M.F. DiScala, headquartered in
Washington Trust closed the loan in October 2025.
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Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in
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SOURCE The Washington Trust Company
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