WARWICK – A fully occupied retail center at 1191 Division St. sold recently for $5.8 million, according to city real estate records.
Newman Properties, based in Brookline, Mass., through its affiliate, Atlantic Capital Retail LLC, was the buyer.
Horvath and Tremblay, a commercial real estate company based in Lynnfield, Mass., represented Atlantic Capital Retail in the transaction. Financing was provided by BankFive, based in Fall River.
The 8,000-square-foot retail marketplace was constructed last year and is occupied by tenants, including Starbucks, Chipotle and Orange Theory.
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The transaction closed on Feb. 18.
Mary MacDonald is a staff writer for the PBN. Contact her at MacDonald@PBN.com.
