Newmark Knight Frank arranges $71 million sale on behalf of RJ Kelly Company for 202,096 s/f 10 Memorial Blvd. in Providence

February 08, 2019 - Rhode Island

Providence, RI Newmark Knight Frank (NKF) has completed the $71 million sale of 10 Memorial Blvd. in downtown to Tritower Financial Group. On behalf of RJ Kelly Company, vice chairman Edward Maher, executive

Edward Maher,
Newmark Knight Frank

 

Matthew Pullen,
Newmark Knight Frank

 

James Tribble,
Newmark Knight Frank

 

Samantha Hallowell,
Newmark Knight Frank

 

managing director Matthew Pullen, managing director James Tribble and director Samantha Hallowell of NKF’s Boston Capital Markets team – which is led by co-head of U.S. Capital Markets Robert Griffin – oversaw the transaction of the 10-story trophy office/retail asset and associated 249-space parking garage in conjunction with Hayes & Sherry Partner Pete Hayes.

“We are proud to have owned this trophy asset for the past six years and we congratulate Tritower on such a fine acquisition,” said RJ Kelly Company president and chief executive officer Brandon Kelly. “Both NKF and Tritower performed flawlessly in this transaction.” 

Totaling 202,096 s/f, 10 Memorial Blvd. is presently 97% leased to a diverse tenant roster anchored by leading end-to-end gaming company IGT, global asset manager Columbia Threadneedle Investments, fine dining restaurant The Capital Grille, investment management company Fidelity and community bank Rockland Trust.

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