News: Owners Developers & Managers

The Armory Revival Company signs three office leases at Rising Sun Mills - Galvin of CBRE acts as exclusive leasing agent

Providence, RI On behalf of The Armory Revival Company (TARC), CBRE/New England completed three leases totaling 40,000 s/f of space at Rising Sun Mills. Combined with upgrades made at the buildings by TARC, this leasing activity further advances the repositioning of the property as an office portfolio in the Woonasquatucket River corridor in the city.

At Rising Sun Mills, TARC signed three office leases including GZA Geo Environmental, Inc., a leading geotechnical engineering firm with over 550 employees in 26 offices; EpiVax, a Rhode Island-based biotechnology company with clients worldwide; and Bisbano + Associates, Inc., a 25-year old architectural firm with a national client roster. 

CBRE/NE’s Andrew Galvin represented TARC as the exclusive leasing agent of the property. CBRE/NE’s John Butterworth represented GZA Geo Environmental.   

“We are pleased to continue the leasing momentum at Rising Sun Mills with the addition of GZA Geo Environmental, EpiVax and Bisbano + Associates to the tenant roster,” said Galvin. “This leasing activity further proves the property’s continued success.” 

Located at 166 Valley St., Rising Sun Mills is a 313,000 s/f mixed-use complex with 135 residential units and 130,000 s/f of commercial space originally developed by a partnership of TARC and Baltimore-based Struever, Eccles & Rouse. Rising Sun Mills is accessible from Rtes. 6 and 10 as well as I-95. 

The campus has 135 loft-style residential units and offers office tenants a parking ratio of 4 per 1,000 s/f. The well-landscaped site features a waterfall, walking and bike paths along the Woonasquatucket River that also includes a fish ladder and kayak launch.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant