Mike Giuttari, SIOR of MG Commercial Real Estate and Pete Hayes, SIOR of Cushman & Wakefield|Hayes & Sherry, completed the sale of an 18,000 s/f building in the Jewelry District of the city to Johnson & Wales University for $2.8 million. The building will be renovated and used for Johnson & Wales new physician assistant's program that will begin within the next two years.
The seller was Claverick Realty Company, a multi-generational jewelry company that originally built the building back in the mid-1950's.
Giuttari represented Claverick Realty on the sale and Hayes represented Johnson & Wales.