Alves of Elite Commercial Realty Group-HomeSmart Pros. brokers $1.575 million sale of 314,839 s/f

Pawtucket, RI Michael Alves of Elite Commercial Realty Group – HomeSmart Professionals Real Estate Commercial negotiated the $1.575 million acquisition of a 314,839 s/f industrial, manufacturing, and storage property located at 721 and 727 School St.

The property was purchased by 717 School Street Realty LLC and 727 School Street Realty LLC.

Serving as the buyer’s agent, Alves played a key role in guiding the transaction from initial evaluation through closing. His expertise in industrial real estate, market analysis, and negotiation ensured a seamless purchase process for the buyer. Together with Daniel Cregan of CBRE as the listing agent acted on behalf of 717 School Street, LLC, 727 School Street, LLC, and Kilmartin Realty Company, LLC the seller.

“This property presented a rare opportunity in a high-traffic, high-visibility corridor,” said Alves. “With frontage along both School St. and Beverage Hill Ave., the site offers exceptional accessibility and long-term strategic value for industrial and logistics operations.”

The multi-acre asset includes industrial buildings suitable for manufacturing, warehousing, storage, or redevelopment. Its location along key municipal roads makes it ideal for businesses looking to capitalize on Pawtucket’s strong industrial infrastructure and proximity to transportation routes.