News: Rhode Island
Posted: August 12, 2010
Drinkwater and Richard of Marcus & Millichap sell Citizens Bank branch - $960,000
Coventry R.I. Laurie Ann Drinkwater, CCIM and Seth Richard of Marcus & Millichap Real Estate Investment Services represented Coventry Route 3, LLC in the sale of a Citizens Bank ground lease.
The 1.32 acre property, located at 1055 Tiogue Ave., sold for $960,000 to Coventry Citizens, LLC a New England based investor.
The 2,500 s/f building has frontage along Rte. 3. It is an out parcel to an approved, to be built, mixed-use project comprised of retail, office and residential uses.
"We were pleased to have represented both buyer and seller in this transaction and thank all parties involved, including the buyer, seller, attorneys and the lender for their diligent efforts in completing this transaction in a very difficult real estate environment," said Drinkwater.
Financing was provided by New Alliance Bank of Hartford.
Tags:
Rhode Island
MORE FROM Rhode Island
Rhode Island
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
Columns and Thought Leadership
Quonset is an essential piece of Rhode Island’s proposed Green Bond - by Steven J. King
While Quonset is known as the region’s leading engine for economic development and job growth, equally as important is its role in protecting and preserving the environment. Home to more than 800 acres of open space, an 18-hole public golf course, four public beaches
Nine things left by the Navy that are key to success at Quonset today - by Steven King
The modern Quonset Business Park is Rhode Island’s leading engine of job creation and economic growth. The park hosts 239 companies and over 14,000 jobs. That success rests on the foundation of two neighboring, now-closed military bases built by the U.S. Navy
The City of Warwick is the perfect choice - by Frank Picozzi
The late summer sky was bright and the mood festive at the family-friendly “Best in Town” event at Rhode Island’s first Floor & Décor store. Those looking to make some home improvements strolled through the warehouse, admiring the well-stocked aisles, fair
Rhode Island is on the move - and there’s no better example than Quonset - by gov. Dan McKee
This year has already brought significant economic progress in for the state of Rhode Island, and nowhere is this more noticeable than at the Quonset Business Park.
