Foundry Associates purchases ALCO complex for $19M

PEREGRINE PROPERTY MANAGEMENT principals Jeff Spratt, left, and Brendan Kane were photographed when they were named managers of the ALCO development in 2010. They will be retained by the new owners of the complex, Foundry Associates L.P. / PBN FILE PHOTO/MATTHEW HEALEY
PEREGRINE PROPERTY MANAGEMENT principals Jeff Spratt, left, and Brendan Kane were photographed when they were named managers of the ALCO development in 2010. They will be retained by the new owners of the complex, Foundry Associates L.P. / PBN FILE PHOTO/MATTHEW HEALEY
(Updated, 2:30 p.m.) PROVIDENCE - The owners of the Foundry complex in Providence have purchased the neighboring American Locomotive Works property off of Valley Street, they announced Thursday. Foundry Associates L.P. said it acquired the five-building, 11.8-acre complex for $19.05 million in a news release. Foundry Associates Partner Tony Thomas said the seller was American…

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