SOUTH KINGSTOWN, R.I. — Sweeney Real Estate & Appraisal has arranged the sale of a retail property located at 84 Old Tower Hill Road in South Kingstown. BCP Capital Properties acquired the 4.97-acre site for $2.1 million. The site includes a 10,804-square-foot building. The buyer plans to redevelop the property into a retail and self-storage facility. Thomas Sweeney and Kevin Casey of Sweeney Real Estate & Appraisal brokered the transaction. The name of the seller was not released.
PROVIDENCE, R.I. — EagleBridge Capital has arranged $12.6 million in financing for 95 Lofts, a 59-unit apartment building located at 95 Chestnut St. in downtown Providence. Brian Sheehan and Ted Sidel of EagleBridge secured the loan, provided by a Massachusetts financial institution, for the undisclosed borrower. The property is a six-story, 58,500-square-foot residential building featuring 33 one-bedroom units, 17 two-bedroom units and nine studio units, as well as 2,500 square feet of..
LINCOLN, R.I. — Sweeney Real Estate & Appraisal has arranged the sale of an industrial building located at 50 Industrial Circle in Lincoln. Lincoln Freight Terminal sold the property to 50 Industrial Circle LLC for $1.4 million. The property feature 213,457 square feet of industrial space. Thomas Sweeney of Sweeney Real Estate represented the seller, while George Paskalis of MG Commercial represented the buyer in the deal.
NORTH KINGSTOWN, R.I. — A joint venture between Unison Realty Partners and Blue Vista Capital Management has purchased Hunt River Commons, a shopping center located in North Kingstown, for $15.8 million. Anchored by Stop & Shop and Marshalls, the 147,270-square-foot property was 84 percent leased at the time of acquisition. Additional tenants include Planet Fitness, GNC and Citizen’s Bank. The shopping center was constructed in 1989. The Wilder Cos. will serve as property manager and..
NEW HAMPSHIRE, VERMONT AND RHODE ISLAND — KeyBank Real Estate Capital has provided a total of $99.8 million in FHA financing for a six-property seniors housing portfolio located across New Hampshire, Vermont and Rhode Island. The skilled nursing facilities total 664 beds and were built between 1972 and 2007. The properties are Ridgewood Center - Bedford in Bedford, N.H.; Mountain Ridge Center in Franklin, N.H.; Keene Center in Keene, N.H.; Harris Hill Center in Concord, Vt.; Mountain View..
WARWICK, R.I. — HFF has arranged $75 million in refinancing for Warwick Mall, a super regional mall located at 400 Bald Hill Road in Warwick. The borrower is a joint venture between Bliss Properties, Mark T. Brennan & Co. and Lane Family Trust. Jennifer Keller and Andrew Gray of HFF arranged the 10-year, fixed-rate loan through Bank of America. Originally developed in the 1970s and renovated in 2011, the 978,659-square-foot mall is occupied by 86 tenants, including Nordstrom Rack, Macy’s,..
Providence, R.I. — GMH Capital Partners has broken ground on River House, a 174-unit student housing community located in Providence, Rhode Island. The property will be located near Brown’s Alpert Medical School, Brown University, Johnson and Wales University, University of Rhode Island-Providence Campus and the Rhode Island School of Design. The community will consist of two seven-story buildings with approximately 5,000 square feet of retail and restaurant space fronting Point Street and..
New England Retail Properties Sells Tractor Supply and O’Reilly Auto Property in Rhode Island for $7M
JOHNSTON, R.I. — Wethersfield, Conn.-based New England Retail Properties (NERP) has completed the sale of a retail property located at 2750 Hartford Ave. in Johnston. A combination of groups led by the Columbia Delaware Trust acquired the Tractor Supply/O’Reilly Auto property for slightly more than $7 million. NERP acquired and developed the Tractor Supply store in 2013 and constructed the O’Reilly Auto property in 2016. Matthew Darling of New England Retail Properties represented the..
WARWICK, R.I. — Fantini & Gorga has arranged a $21 million first mortgage to refinance office condominium space at The Summit, Jefferson Gateway and Metro East office parks, located within one mile of each other at 300 Centerville Road, 931 and 935 Jefferson Blvd. and 117 Metro Center Blvd. in Warwick. Totaling 160,000 square feet of office space, the parks are fully occupied three- and four-story buildings featuring ample parking, landscaped grounds and efficient and flexible floor plans...
WARWICK, R.I. — Colliers International has arranged $31 million in refinancing for a parking asset and adjacent retail site located at 1960 Post Road at T.F. Green Airport in Warwick. The borrower was New England Parking LLC. Patrick Boyle and Kevin Phelan of Colliers secured the financing through Blue Hills Bank for the borrower. The 1,536-space parking asset, known as Garage C, offers long-term parking for T.F. Green travelers, and Bertucci’s occupies the 6,000-square-foot retail..