The commercial real estate market in Rhode Island, and nationwide has been through quite the transition in the last 18 months and we are in for a dynamic year ahead, shaped both by national and regional factors and trends. A major catalyst is the Federal Reserve’s decision to lower their
NORTH SMITHFIELD – A multi-tenant medical office building recently sold for $1.95 million, according to property records and an announcement by Sweeney Real Estate & Appraisal, which represented the sellers. The 594 Great Road building, which includes 17,929 square feet of working space, was sold by Ocean State Development and
Warwick, RI The Foncellino Team of Coldwell Banker commercil division and Sweeney Real Estate & Appraisal listed and leased 1,500 s/f of office space with co-shared conference room and kitchen at 931 Jefferson Blvd. Foncellino represented the landlord, Germani Title Company. Sweeeney represented the tenant R.I. Assn. of General Contractors.
SOUTH KINGSTOWN – A mostly vacant 46-acre property on South Road recently sold for $900,000, according to public records and Sweeney Real Estate & Appraisal, which represented the sellers in the deal. The sale of the property at 540 South Road was the culmination of a series of sales involving
Warwick, RI Kevin Casey of Sweeney Real Estate & Appraisal represented the sellers of a 6,732 s/f retail building located at 198 Buttonwoods Ave. The property is on 0.78 acres and was formerly leased to CVS. The property was sold to Cranston Community Action Program Committee, Inc. for $850,000 and
WARWICK – A 6,732-square-foot retail building at 198 Buttonwoods Ave. was recently sold for $850,000, according to Sweeney Real Estate & Appraisal, which represented the sellers in the deal. The building, which comes with a 0.78-acre lot, was previously leased as a CVS Pharmacy before it closed in the past
East Greenwich, RI Evan Storti of Sweeney Real Estate & Appraisal represented the landlords in two lease agreements on Main St. The first lease agreement was executed at 267 Main St. with Rhode Island Pelvic Wellness, LLC. The tenant, represented by Kenneth Dill of Cresa, took possession of the space
Christina Rouse is director of marketing and operations for commercial real estate brokerage and appraisal firm Sweeney Real Estate & Appraisal. She also served as president of the Rhode Island Commercial and Appraisal Board of Realtors in 2023. This year, Rouse became the director of operations for the Society of
EAST PROVIDENCE – A 3,600-square-foot commercial building on Route 114 recently sold for $500,000, according to Sweeney Real Estate & Appraisal, which represented the sellers. The one-story building at 2740 Pawtucket Ave. is divided into two commercial office spaces, including one that continues to be occupied by Prestige Therapy, which
When it comes to property values, everybody’s got an opinion. And when millions of tax dollars are at stake, many are willing to fight over it. That’s why the city of Providence has seen a steady stream of tax challenges from big-property owners who argue that the valuations assigned to
