NEWS

PROVIDENCE – A 6,066-square-foot office space at 295 Promenade St. was leased recently, according to Sweeney Real Estate & Appraisal, which represented the tenant in the transaction. The leased suite is located on the first floor of the building, Sweeney Real Estate said. Iantrek Inc., a medical-device research, design and

SMITHFIELD – An industrial flex property on Farnum Pike recently sold for $2.25 million, according to Sweeney Real Estate & Appraisal, which represented the seller in the transaction. The property at 339 Farnum Pike was acquired by DPC Realty LLC. The site contains a one-story light industrial building with approximately

EAST PROVIDENCE – An industrial and warehouse facility with office space has hit the market at a starting bid of $3.3 million, said property representative Sweeney Real Estate & Appraisal. The two story, 72,696 square-foot building is situated on about 2.7 acres of land and located at 77 Pawtucket Ave.,

CRANSTON – Motion Industries Inc., a major North American distributor of industrial parts and engineering services, recently leased a 24,000-square-foot warehouse facility in the city, according to Sweeney Real Estate & Appraisal. The 24 Stafford Court site, located in the Howard Industrial Park, is a concrete one-story building with a

Warwick, RI Evan Storti of Sweeney Real Estate & Appraisal negotiated the sale of 117 Metro Center Blvd., Unit 18. Storti represented the seller, 1007 Metro Center, LLC, and Leeds Michael IV of MG Commercial represented the buyer, Michael Integlia & Company. Integlia & Co., who originally developed the Metro

Rhode Island’s commercial real estate market is shifting in line with national trends, though local dynamics reveal both opportunity and constraint. Office tenants are more selective, experiential retail is expanding, capital remains tight but shows promise, and industrial continues to be the strongest sector – though costly to build. Office