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NEW WORKSPACE: Peter Gillespie, senior vice president and branch manager for Cross Insurance Inc., stands at the entrance of the company’s new offices at The Foundry in Providence. 
PBN PHOTO/MATTHEW MCNULTY

‘Low supply and low demand’: R.I. office market undergoing ‘repositioning’

On a sunny summer morning at the Foundry in Providence, Cross Insurance Inc. employees move past exposed brick walls and soaring 14-foot ceilings before...
CHANGING MARKET: Leeds M­itchell IV, principal broker and partner at MG Commercial Real Estate, says the post-pandemic Providence office market is smaller but stable. Behind him is Brown University’s 300,000-square-foot integrated life sciences research facility. 
PBN FILE PHOTO/­MICHAEL SALERNO

Stable but smaller, Providence office market is shifting

Providence’s downtown office market has, for now, weathered the existential threat posed by the COVID-19 pandemic better than some communities. But the market is changing,...

Multi-tenant commercial property on Jefferson Boulevard in Warwick sells for $2.15M

WARWICK – A multi-tenant commercial property on Jefferson Boulevard recently sold for $2.15 million, according to public records. The property at 155 Jefferson Blvd. consists...

Providence Business News’ 2025 Economic Trends Summit slated for Jan. 30

PROVIDENCE – Insights on economic development and projected trends for Rhode Island’s economy this year will be discussed during Providence Business News’ 2025 Economic...

Coworking firm opening new space in Providence 

PROVIDENCE – A rapidly expanding, international “flexible workspace” outfit is opening its newest location in the city in the Washington Park neighborhood. Launched in Brussels...

Venus de Milo to remain open while undergoing major renovations

SWANSEA – A popular banquet facility, reception hall and restaurant in southeastern Massachusetts that has been an event destination for many Rhode Islanders is...

New Jersey paper company relocating to R.I.

PROVIDENCE – Norpak LLC, a New Jersey-based food packaging product manufacturer, is relocating its manufacturing facility to South Kingstown.  The company is taking over the...

2 former Catholic churches in Warwick sell for $2.6M

WARWICK – Two former Catholic churches that went on the market in Warwick earlier this year recently sold for a total of $2.6 million,...

Three-building campus in Lincoln sold for $5.4M

LINCOLN – A campus of three properties covering 54,000-square-feet has been sold to Great Global Holdings III, a New York-based investment group, for $5.4...

Historical Citizens Bank branch site in Providence sells for $1.4M

PROVIDENCE – A former Citizens Bank branch and operations center has been sold to an entity affiliated with the Omni Group for $1.4 million,...
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