PROVIDENCE – The Narragansett Brewing Co. has completed its acquisition of the property at 271 Tockwotten St. and 230 India St., adjacent to India Point Park, the company announced Thursday.
The acquiring entity, 271 Tockwotton Partners LLC, paid Brown $1.7 million, according to property records. The company’s registered agent is Mark Hellendrung, president of Narragansett Beer. The company’s mailing address was investment firm Seaport Captial LLC’s headquarters in New York City.
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The company says it will convert the building on site to a 18,000-square-foot brewery and taproom featuring an outdoor beer garden and a special event space.
The building and land had been owned by Brown University. As of Thursday, deeds had yet to be filed. The Providence Zoning Board approved the site as a brewery site earlier in the year.
The company plans on opening its beer garden in the spring of 2020 and launching its taproom in the fall of 2020.
“We could not be more excited about bringing brewing operations back to Rhode Island in such a perfect location,” said Hellendrung in a statement. “Since 1890, Narragansett has been Rhode Island’s beer. To have a brewery right at the top of Narragansett Bay, that’s easy to get to in Providence and is connected to the picturesque India Point Park and the East Bay bike path, is really a dream come true.”
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
