When you are sick your body fights infection by stimulating your immune system via a fever. Similarly, to the body’s response to sickness, the commercial real estate market likely will worsen over the next 12 months before leveling out. This will be concentrated on the volatility of the office market
PROVIDENCE – A 6,068-square-foot industrial building at 536 Smith St. was recently purchased for $530,000 by BSPVL Holdings LLC, according to Sweeney Real Estate & Appraisal, which represented the seller. The property, located in the Oakland Avenue Historic District of the Smith Hill neighborhood, has been vacant for at least
Pawtucket, RI Michael Alves of the Elite Group at KW Commercial on behalf of the lessor Sami and Tara Trust leased 29,000 s/f industrial space at 89/93 Dunnell Ln. The tenant, Interplex Engineered Products, was seeking additional storage requirements, surplus to current facilities in a tight northern Rhode Island industrial market.
West Warwick, RI Chicago Title Insurance Company signed a lease agreement at 1300 Division Rd. The firm leased 4,387 s/f in the Gardens Office Park. The firm plans on occupying the space come early September 2023. Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented Chicago Title and Matt Fair
The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He led Providence as its mayor for much of the 1980s, but he’s now the outspoken managing partner of Paolino Properties LP, which owns hundreds of
EAST PROVIDENCE – Two neighboring properties that feature a Brazilian takeout restaurant recently sold for $870,000, according to Sweeney Real Estate & Appraisal, which represented the sellers. The commercial buildings at 227 through 233 Warren Ave. and the neighboring residential property 5 through 7 Berkeley St. amount to a total
EAST PROVIDENCE – Two neighboring properties that feature a Brazilian takeout restaurant recently sold for $870,000, according to Sweeney Real Estate & Appraisal, which represented the sellers. The commercial buildings at 227 through 233 Warren Ave. and the neighboring residential property 5 through 7 Berkeley St. amount to a total three
PROVIDENCE – An industrial building in the Federal Hill area of Providence was sold recently for $865,000 to a multipurpose training facility with a focus on Olympic-style weightlifting, according to Sweeney Real Estate & Appraisal, which represented the buyers in the deal. Providence Barbell Club LLC purchased 479 Washington St. as
PAWTUCKET – A former Pawtucket bank building at the corner of Central and Newport avenues sold recently for nearly $1 million to a nonprofit that provides services to victims of domestic violence and sexual abuse, according to Sweeney Real Estate & Appraisal, which represented the former owners of the property.
WOONSOCKET – A 20,876-square-foot warehouse building in Woonsocket that’s occupied by CVS Health Corp. was recently sold for $1.65 million, according to Sweeney Real Estate & Appraisal. The 220 Founders Drive property was acquired by G3 220 Founders Drive LLC, a real estate holding company based in Cranston affiliated with the Tasca Automotive Group. Tasca owns several
