CB Richard Ellis/Whittier Partners, a commercial real estate services firm with offices in Rhode Island,
announced late last month that it has brokered the sale of the 160,000-square-foot
Warwick Centre in Warwick for $30,794,000.
CB Richard Ellis/Whittier Senior Vice President and partner William Moylan and
Vice President Chris Angelone represented the seller and also procured the
buyer, Inland Real Estate Group Inc.
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“This sale is indicative of the continued strength of the retail market,” Moylan said. “Well-located power centers in strong retail markets such as Warwick are commanding record low cap rates.”
The Warwick Centre is a retail complex located in the
heart of the shopping district of Warwick and is fully occupied. Tenants include Barnes & Noble, DSW and Linens & Things.
