Updated Feb 23, 2026
Malcolm C. Roberts Of FM Global Acquires Office Building In Providence For $68.5M
10 Memorial Blvd
$68,500,000
$274/SF
Building Size
250,000 SF
Asset Type
Office
Closing
Feb 20, 2026
About this deal
AI
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.
On the Map
$68,500,000
$274/SF
Office
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Providence Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93