Rhode Island

Brackenbury of BankRI provides $3.5 million for expansion of 401 Storage

Warwick, RI The Commercial Real Estate Division of Bank Rhode Island (BankRI) finalized a deal with Malibu Investments, LLC to provide a second round of financing for the expansion of 401 Storage. The bank is providing $3.5 million in capital to facilitate construction.

Capstone Properties negotiates two deals: sells 20,156 s/f industrial for $1.15 million and leases 19,840 s/f

Providence, RI Neil Amper, SIOR and Chris Greenman of Capstone Properties have sold a 20,156  s/f building located at 12-14 Lehigh St. The property was owned by Bloomfield Realty and was formerly occupied by Lehigh Metals. It was purchased by Monarch Industries for $1.15 million.

Hogan Assocs. sells 43 Hoover Rd. - $2.6 million

Middletown, RI Hogan Associates brokered the April 4, 2022 sale of 43 Hoover Rd., a modern home located off Tuckerman Ave. The property sold for $2.6 million. Caroline Richards of Hogan Associates represented the buyer, and Dina Karousos and Nicole Lucenti of Gustave White Sotheby’s represented the seller.

Schiffman and Mayer of Residential Properties Ltd. close sale of 159-161 Emeline St. - $1 million

Providence, RI Residential Properties Ltd. (RPL) closed the sale of 159-161 Emeline St. on the city’s East Side for $1 million. RPL sales associate Gerri Schiffman represented the seller as the listing agent and RPL broker associate Rebecca Mayer represented the buyer as the selling agent in this transaction.

Gov. McKee tours Flex Technology Park building #5 at Quonset - by Steven King

As New England’s  leading business park with over 200 companies and 12,900 working here, the Quonset Development Corp. (QDC) team takes pride in providing flexible space options for both existing companies looking to expand and new arrivals to the park.

Joyal, Tollefson, and Warburg of Lila Delman Compass sell $9.5 million in Quonochontaug

Charlestown, RI Lila Delman Compass brokered the sale of 648-A West Beach Rd. in the village of Quonochontaug for $9.5 million. Lila Delman Compass represented both sides of this sale, with Lori Joyal, managing broker of Lila Delman Compass’ Watch Hill office, representing the seller and George Tollefson

Warwick’s new city hall plaza will reinvigorate existing businesses - by Frank Picozzi

A pedestrian plaza. An ice skating rink. A roller rink. A splash pad. An outdoor event space for dances, concerts, food truck nights, recreational activities and so much more – all taking place in the heart of historic Apponaug Village. These family-friendly, community-based activities will soon become a reality, thanks

Perry and Pezza of Lila Delman Compass sell 15 Red Brook Crossing for $2.425 million

Lincoln, RI Lila Delman Compass negotiated the record-breaking sale of 15 Red Brook Crossing for $2.425 million. Lila Delman Compass sales associates Susan Perry and Michelle Pezza represented the seller. According to data maintained by the Rhode Island

Sweeney Real Estate brokers Providence condo sale to Law Office of Ron Resmini at 365 Eddy Street

Providence, RI The Law Office of Ronald Resmini relocated their office to 365 Eddy St., unit 3. For the last 10 months the firm was leasing the space, but recently purchased the condo from Office Realty Properties, LLC for $535,000.

New Winters Elementary School expected to open doors this fall - by Donald Grebien

With the demolition of the Henry J. Winters Elementary in June of 2020, the state-of-the-art STEAM facility is expected to be completed before this coming school year. The new school, built on the 2.6-acre site of the old facility, will feature three levels and accommodate 643 students in grades pre-K through