Malcolm C. Roberts Of FM Global Acquires Office Building In Providence For $68.5M

The property asset involved in this transaction is a 250,000-square-foot office building located at 10 Memorial Blvd, Providence, RI. The sale price for this asset was $68,500,000, reflecting a price per square foot of $274.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $68,500,000
• Buyer: Malcolm C. Roberts - FM Global
• Seller: Tritower Financial Group LLC
• Market: Providence, RI
• Square Footage: 250,000
• Price per Square Foot: $274

This transaction features Malcolm C. Roberts representing FM Global in the acquisition of the property. The seller, Tritower Financial Group LLC, facilitated this sale as FM Global expands its presence along Amtrak’s East Coast corridor, which includes new leases in Boston.