Washington Trust Provides $12.4M Loan For M.F. DiScala's Retail Plaza In Norwalk

The property asset involved in this transaction is a 45,658-square-foot retail plaza located at 390 Westport Avenue, Norwalk, CT. The asset is anchored by Marshalls and has been held by M.F. DiScala for a substantial period. The transaction involved a loan amounting to $12,400,000 issued by Washington Trust.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,400,000
• Address: 390 Westport Avenue
• Market: Norwalk, CT
• Lender: Washington Trust
• Landlord: M.F. DiScala

This transaction reflects the dealings of 390 Westport Avenue LLC, which is the entity receiving the loan from Washington Trust. The financial support provided is aimed at facilitating operations or potential upgrades related to the long-held retail asset in Norwalk.