–Leading investment sales firm represents the seller and procures the buyer for the multifamily properties in Providence, Rhode Island–
Newton, MA (December 7, 2023) – Northeast Private Client Group (NEPCG) has announced the mixed-use property sale in Providence, Rhode Island.
Senior Associate Tim McGeary and Associate Rick Welch represented the seller and procured the buyer for this 33,700 SF mixed-use property transaction.
The Lauderdale Building located in downtown Providence consists of nine (9) office suites and (3) retail tenants. The property boasts off-street parking (34 spaces) at the rear for tenants at an additional cost per month, and elevator access at the front and back of the buildings. It is near numerous shops, restaurants, and other downtown amenities.
According to Senior Associate Tim McGeary, “The Lauderdale Building immediately attracted investor attention from all over New England and into New York even with its large vacancy factors, due to its downtown Providence location and additional thirty-four car parking lot at 87 Weybosset Street. With the ability to pull investors and developers from all over the Northeast Region we were able to select a prominent developer from New York with plans to positively impact the future of the building and downtown Providence.”
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,000 successful transactions have been completed, totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.