Cushman & Wakefield | Hayes & Sherry sells 290,000 s/f 10 Memorial Blvd. for $68.5 million to FM

Providence, RI Cushman & Wakefield | Hayes & Sherry facilitated the sale of 10 Memorial Blvd. for $68.5 million. The 290,000 s/f Class A office building, located in the city’s Central Business District along the Providence River, represents one of the most significant office investment transactions in the market in recent years. The property, formerly known as the IGT Tower, was acquired by FM, reflecting continued institutional confidence in the long-term strength and stability of downtown.

Positioned with direct access to I-95, Amtrak rail service, Providence Mall and the city’s primary business and retail amenities, 10 Memorial Blvd. remains one of the region’s most prominent and best-located office assets. The transaction reflects continued investor confidence in office assets within Rhode Island’s capital city and reinforces positive momentum in the downtown market.

“We were pleased to have been able to work with the TriTower team for many years supporting the leasing efforts at the property and are excited for the future of this best-in-class Providence office asset,” said Matt Fair of Cushman & Wakefield | Hayes & Sherry.