Providence *DO NOT USE*
California Self-Storage Investor Expands in Providence
As part of Gallacher’s continued expansion, the company has bought a self-storage facility in Rhode Island’s capital.
Paolino Properties Buys Downtown Providence Trio for $64M
In a $64 million deal, Paolino Properties has acquired three downtown Providence properties, namely the 20-story office tower at 100 Westminster Street, the attached historic building at 30 Kennedy Plaza and the surface parking lot and facade at 110 Westminster Street.
Jones Lang LaSalle Tapped to Market 19-Acre Section of The Link
Plans for the development of the single largest piece of vacant property in the heart of Rhode Island’s capital city are moving forward.
Washington Trust Provides Financing for Providence Parking, Smithfield Retail Assets
Washington Trust’s commercial real estate group has recently provided $6.45 million in financing to Civic Center Parking Associates LLC for a 438-space parking garage, with two adjacent 39-space parking lots, in Providence.
Foundry Associates Buys Historic Office Complex for $19M
In a $19.05 million deal, Foundry Associates, L.P. has purchased the five-building American Locomotive Works (ALCO) office park along the Woonasquatucket River in downtown Providence.
State Greenlights Sale of Landmark Medical Center in Woonsocket
The Rhode Island Office of the Attorney General has approved the sale of the Landmark Medical Center in Woonsocket and its subsidiary, the Rehabilitation Hospital of Rhode Island in North Smithfield, to California-based Prime Healthcare Services. The decision concludes the regulatory process, as it follows the Department of Health’s approval.
Rockland Trust Provides $20M for Renaissance Marriott Deal
Rockland Trust has provided $20 million in financing for The Procaccianti Group’s purchase of the Renaissance Marriott Downtown Hotel in Providence. The loan marks the third financing project the Procaccianti Group has completed with Rockland Trust.
Cole Buys Coventry Retail Center for $11.6M; Gilbane Gets Green Light for East Side M-F Project
Cole Capital Advisors Inc. has acquired Coventry Crossing, a 20,752-square-foot CVS-anchored shopping center in Coventry, for $11.6 million, or $559 per square foot.
Brady Sullivan, Starr Development Propose Mixed-Use Conversion of Warren’s American Tourister Factory
Brady Sullivan Properties of Manchester, N.H. has partnered with Starr Development of Boston to repurpose the former American Tourister factory in Warren into a mixed-use facility. According to the Providence Journal, plans call for 225 apartments and 85,000 square feet of commercial/retail space at the 14-acre riverfront site on Main Street.
Providence G, $20M Downtown Mixed-Use Project, Nears Fall Completion
The renovation of four adjoining structures along Dorrance and Weybosset streets in downtown Providence is slated to bring a mixed-use complex with 56 luxury apartments, 3 restaurants (including one on the roof), a 60-car garage and dry cleaners.