PROVIDENCE – MG Commercial Real Estate Services Inc. is now under new ownership. And, at the same time, kept things in-house. The commercial real estate firm announced Monday that Founder and President Michael Giuttari has sold MG Commercial to longtime partners George Paskalis and Leeds Mitchell IV. MG Commercial says the sale was complete on
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MG COMMERCIAL Real Estate Services Inc. in Providence has been acquired by longtime partners, from left, George Paskalis and Leeds Mitchell IV. / COURTESY MG COMMERCIAL REAL ESTATE SERVICES INC.[/caption]
MG Commercial says Paskalis has been a commercial real estate broker for 25 years. Among his notable transactions include the sale of a 245,000-square-foot manufacturing facility in Cumberland near Interstate 295 to Okonite Cos. for $7.5 million, the firm says.
Paskalis has also served on the Rhode Island Building Owners Association board for six years, including a stint as the board’s president. He also served with the Rhode Island Manufacturers Association and the Greater Providence Chamber of Commerce, MG Commercial says.
Mitchell, a 2011 Providence Business News 40 Under Forty honoree, first joined MG Commercial in 2004. His clients include Lifespan Corp., Bristol County Savings Bank, Rhode Island Medical Imaging Inc., Roger Williams University and the New England Institute of Technology, among others, the firm says.
Additionally, Mitchell is president of the Rhode Island International Sailing Association and a past trustee of the Paul Cuffee Charter School, MG Commercial says.
James Bessette is the PBN special projects editor, and also covers the nonprofit and education sectors. You may reach him at