Real Estate

GTECH building sold for $51.5M

PBN File Photo
MASSACHUSETTS real estate firm R.J. Kelly purchased the GTECH center in Providence for $51.5 million, the company announced late Wednesday.
Posted 4/12/12

PROVIDENCE – Massachusetts real estate firm R.J. Kelly has purchased the GTECH center for $51.5 million, the company announced late Wednesday.

U.S. Real Estate Limited Partnership sold GTECH’s Memorial Boulevard headquarters to the Burlington, Mass.-based R.J. Kelly Co.

The headquarters broke ground in 2004 and cost Texas-based U.S. Real Estate and GTECH approximately $80 million.

The $51.5 million price tag averaged out to roughly $255 a foot, according to R.J. Kelly representative Christopher J. Knisley.

All contracts and commitments will be honored by the new company and remain as is, according to a release.

Knisley said the real estate firm was open to other purchases in Rhode Island on a case by case basis.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News