PROVIDENCE – One Financial Plaza, Providence, the city’s second-tallest building, was sold for $51.8 million to Brooklyn, N.Y.,-based JFR Global Investments, according to a filing with the city. The company bought the property through the affiliated Providence Financial Plaza LLC.
The 25-story building was sold by the Scarsdale, N.Y.,-based Meritage Properties, which bought the building in 2007 for $65.6 million through the limited liability corporation One Financial Holdings LLC.
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The building is the second in height only to the Industrial Trust tower (also known as the Superman building), 111 Westminster St., which is currently unoccupied.
One Financial Plaza, formerly known as the Hospital Trust Building, is home to offices for Santander Bank NA, Locke Lord LLP and Duffy & Sweeney Ltd., among others.
Chris Bergenheim is the PBN web editor. He can be reached at Bergenheim@PBN.com.
