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Thursday, 17 January 2019

Providence, R.I., Office Property Sells for $71Mln

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Tritower Financial Group has paid $71 million, or $351/sf, for the 202,096-square-foot office property at 10 Memorial Blvd. in downtown Providence, R.I.

The Boston investment manager bought the 10-story building from R.J. Kelly, a Burlington, Mass., investment manager that was represented by NKF Capital Markets.

R.J. Kelly had acquired the building in 2012 for $51.5 million from a venture of Commonwealth Ventures of Southington, Conn., and...

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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Providence
  • States: Rhode Island
  • Sector: Office
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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Dan Moynihan

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