News: Rhode Island

Giokas and Steinkrauss of Paramount Partners broker $2.2 million sale

Providence, RI Matthew Giokas and Walter Steinkrauss of Paramount Partners brokered the sale of 156 Westminster St. to Presidio Capital Management for $2.2 million.

The four-story, 13,000 s/f office building is located on downtown Providence’s business and retail corridor.  The building is 90% leased.

Giokas and Steinkrauss of Paramount Partners represented the seller in this transaction, 156 Westminster Street LLC, and procured the buyer.  The buyer hired Paramount to lease the 1,300 s/f vacancy on the second floor.

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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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