Paolino Properties to purchase Federal Building in Providence

THE FEDERAL BUILDING at 380 Westminster St. in Providence will be sold to a limited liability company controlled by Paolino Properties. / PBN FILE PHOTO MARY MACDONALD
THE FEDERAL BUILDING at 380 Westminster St. in Providence will be sold to a limited liability company controlled by Paolino Properties. / PBN FILE PHOTO MARY MACDONALD
PROVIDENCE – Paolino Properties received approval Thursday in Providence Superior Court to purchase the six-story Federal Building at 380 Westminster St. Under the sale agreement approved by Judge Michael Silverstein, Paolino Properties, through a limited liability company, will pay $15.3 million for the property, including $9.5 million for the building and $5.8 million in tenant…

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