Sweeney Real Estate & Appraisal brokers two sales totaling $1.375 million
September 14, 2018
Pawtucket, RI Thomas Sweeney of Sweeney Real Estate & Appraisal represented Theodore Orson of Orson & Brusini, appointed receiver of Ten Mile Associates, LLC for the sale of real estate located at 1110 Central Ave. The property was purchased by Churchill & Banks Companies, LLC for $925,000 who represented themselves in the transaction.
The property is an industrial site that has three buildings. The main building is a 68,678 s/f three level mill property. There is a 12,400 s/f warehouse building and an additional 2,196 s/f garage on the site. The property has been approved for mixed-use development.
In another transaction, Walter F. & Wanda McLaughlin Charitable Remainder Trust sold 359 Putnam Pike in Smithfield to Michael Furia for $450,000. The retail and warehouse building was previously McLaughlin Automotive Store. The property sits on 1.18 acres and the buyer plans to redevelop the property for mixed commercial use.