Pyramid Management Group Paolino Properties DW Partners Acquire Providence Place Mall For $133M

The property asset involved in the transaction is a retail space located at 1 Providence Place in Providence, Rhode Island. The property spans 13.2 acres and has a total square footage of 1,400,000. The transaction was completed for a sale price of $133,000,000, resulting in a price per square foot of $95.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $133,000,000
• Address: 1 Providence Place
• Market: Providence, RI
• Acres: 13.2
• Square Footage: 1,400,000
• Price per Square Foot: $95
• Buyer: Stephen Congel - Pyramid Management Group, Paolino Properties & DW Partners
• Seller: Kevin McCrain - Brookfield Properties

A partnership consisting of Pyramid Management Group, Paolino Properties, and DW Partners has successfully acquired the Providence Place Mall. This transaction highlights the collaboration between these entities in the retail sector, reflecting their strategic interests in the lifestyle center situated in Rhode Island.