{"id":1004050733,"date":"2012-11-17T09:25:14","date_gmt":"2012-11-17T17:25:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=80909"},"modified":"2025-02-19T02:57:56","modified_gmt":"2025-02-19T10:57:56","slug":"winstanley-surrey-buy-rhode-island-mall-for-38m-makeover-in-store","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/winstanley-surrey-buy-rhode-island-mall-for-38m-makeover-in-store\/","title":{"rendered":"Winstanley, Surrey Buy Rhode Island Mall for $38M; Makeover in Store"},"content":{"rendered":"<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/Rhode-Island-Mall1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-80915\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/Rhode-Island-Mall1.jpg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a>by Adriana Pop, Associate Editor<\/p>\n<p>In a $38 million deal, a joint venture of Winstanley Enterprises L.L.C. of Concord, Mass. and New York-based Surrey Equities L.L.C. has acquired Rhode Island Mall in Warwick, the <em>Providence Business News <\/em>reported. Eastern Retail Properties represented the buyers of the 450,000 square-foot property, while Cushman &amp; Wakefield Inc. represented the seller, GLL Real Estate Partners of Orlando, Fla.<\/p>\n<p>In a bid to revive the 45-year-old mall, the new owners plan an interior and exterior renovation that will create larger store spaces in order to attract anchor tenants. The 225,000-square-foot enclosed portion of the center has been vacant since April 2011. Only three stand-alone anchor stores\u2014Sears, Wal-Mart, and Kohls\u2014are currently open.<\/p>\n<p>Originally named Midland Mall, the property is New England\u2019s oldest enclosed two-level retail center. \u201cThere is a rich history with this property, and we are very excited to breathe new life into the development by putting together a plan that will once again position the mall as a vibrant part of Warwick\u2019s retail hub,\u201d said\u00a0Adam Winstanley, a principal of Winstanley Enterprises. The project is expected to bring about 225 construction jobs to Warwick and about 150 permanent and part-time jobs.<\/p>\n<p>\u201cWe look forward to working with the business and local community as well as city officials to create new jobs as this project moves forward,\u201d said Edward Silvera, president and principal of Surrey Equities.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Photo credits: FLICKR.COM USER\/LACKINGFOCUS<\/em><\/p>\n<p><em><br \/>\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a $38 million deal, a joint venture of Winstanley Enterprises L.L.C. of Concord, Mass. and New York-based Surrey Equities L.L.C. has acquired Rhode Island Mall in Warwick, the Providence Business News reported. Eastern Retail Properties represented the buyers of the 450,000 square-foot property, while Cushman &amp; Wakefield Inc. represented the seller, GLL Real Estate Partners of Orlando, Fla. In a bid to revive the 45-year-old mall, the new owners plan an interior and exterior renovation that will create larger store spaces in order to attract anchor tenants. The 225,000-square-foot enclosed portion of the center has been vacant since April 2011. Only three stand-alone anchor stores&mdash;Sears, Wal-Mart, and Kohls&mdash;are currently open.<\/p>\n","protected":false},"author":260,"featured_media":1004506609,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004050733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Winstanley, Surrey Buy Rhode Island Mall for $38M; Makeover in Store - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/winstanley-surrey-buy-rhode-island-mall-for-38m-makeover-in-store\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winstanley, Surrey Buy Rhode Island Mall for $38M; Makeover in Store\" \/>\n<meta property=\"og:description\" content=\"In a $38 million deal, a joint venture of Winstanley Enterprises L.L.C. of Concord, Mass. and New York-based Surrey Equities L.L.C. has acquired Rhode Island Mall in Warwick, the Providence Business News reported. Eastern Retail Properties represented the buyers of the 450,000 square-foot property, while Cushman &amp; Wakefield Inc. represented the seller, GLL Real Estate Partners of Orlando, Fla. In a bid to revive the 45-year-old mall, the new owners plan an interior and exterior renovation that will create larger store spaces in order to attract anchor tenants. The 225,000-square-foot enclosed portion of the center has been vacant since April 2011. Only three stand-alone anchor stores&mdash;Sears, Wal-Mart, and Kohls&mdash;are currently open.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/winstanley-surrey-buy-rhode-island-mall-for-38m-makeover-in-store\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-17T17:25:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T10:57:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Rhode-Island-Mall1.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/winstanley-surrey-buy-rhode-island-mall-for-38m-makeover-in-store\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/winstanley-surrey-buy-rhode-island-mall-for-38m-makeover-in-store\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Winstanley, Surrey Buy Rhode Island Mall for $38M; 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