Giokas of Paramount Partners Sells and Leases Prime Space in Warwick
| Feb 06, 2013
Matt Giokas of Paramount Partners, LLC negotiated the sale and subsequent lease of 1400 Bald Hill Road/Route 2 Warwick RI. Paramount arranged the sale between Log Cabin Realty Co., of Coventry, RI (Seller) and The Grossman Companies, Inc of Quincy, MA (Buyer). The vacant retail building consisted of 24,520 SF and sold for a purchase price of $2,280,000.
The building is located on Route 2, Rhode Island’s primary retail corridor, just north of the intersection of Bald Hill Rd and Centerville Rd. Situated between Warwick Center and Marketplace Center, the property affords easy access to Route 95 and Route 295.
After successfully completing the sale of the property, Paramount Partners secured a tenant for the buyers of the vacant property. The site will be the new home of The Tile Shop of Plymouth, MN. The tenant signed a 10 year lease for 20,388 SF. Other tenants in the area include: The Home Depot, Dick’s Sporting Goods, Barnes & Noble and Best Buy.
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