Horvath & Tremblay arrange sale of Newport Center for $8.5 million

East Providence, RI Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of Newport Center. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $8.5 million. 

Newport Center is located at 75 Newport Ave. The newer construction plaza is fully leased to six tenants and contains 12,637 s/f. Newport Center is home to Chipotle, Jersey Mike’s, AT&T, Wingstop, Noir Nails & Spa and Salon Suites. All of the leases call for rent increases in either the primary lease terms or renewal option periods. Newport Center occupies a prime position along Newport Ave. (U.S. Rte. 1A), offering strong visibility, frontage, and access near the signalized intersections with Narragansett Park Dr. and New Rd,. Located along one of the city’s primary commercial corridors, the property sits across from an Aldi and Burlington-anchored shopping center and directly in front of the newly constructed Newport Avenue Apartments, enhancing both visibility and built-in demand. 

The surrounding area features a dense mix of national and local retailers and restaurants, as well as established residential neighborhoods, multifamily communities, and area schools, all of which contribute to consistent consumer traffic. The site also provides regional connectivity, with access to U.S. Rte. 1, 1A, and 44, RI Rte. 114 and 152, and I-95 and 195, allowing for efficient travel to downtown and throughout the greater Rhode Island market.