Providence Place_Actifs en vente
Providence Place_Actifs en vente

Providence Place

One Providence Place, Providence, RI, 02903, US

Description

Providence Place consists of a six (6) story regional shopping center situated on approximately 15.88 acres – the underlying land of which is owned by the Rhode Island Economic Development Corporation (“RIEDC”) and leased to Property ownership for a 99-year term with four, 99-year renewal options. Comprising approximately 1,207,267 square feet ("SF") of gross leasable area ("GLA"), the Property is anchored by a flagship Macy’s store (200,125 SF), Boscov’s (197,000 SF), the newly signed 16-screen Apple Cinemas (128,146 SF), Dave & Buster’s (40,560 SF) and notable adult game venue, restaurant and bar, Level 99 (36,195 SF). The Property features numerous “unique to market” concepts, including Apple (flagship), ZARA, Oakley, and The North Face, alongside specialty retailers such as Brooks Brothers, The LEGO Store, Fogo de Chão, and Cyclebar. Providence Place also features numerous dining options including The Cheesecake Factory, Panera Bread, and P.F. Chang's China Bistro – all of which benefit from the Property’s in-fill location, bolstered by a significant daytime and university population, and serve to expand the Property’s trade area and dwell time. Prominently located in the heart of downtown Providence, the state capital and financial center of the State of Rhode Island, Providence Center benefits from a robust daytime employment of more than 160,000 within 1 mile and one of the highest concentrations of college and university students in the country.

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Caractéristiques de l'actif

Surface de l'actif Net
112 159 m²
Occupation
93,4 %
Taille du terrain Brut
6,43 hectare
Année de construction
1999
Année de rénovation
2016

Média

Points clés d'investissement

  1. MAJORITY OWNERSHIP
  2. DOMINANT REGIONAL SHOPPING CENTER WITH STRONG SALES PERFORMANCE
  3. HIGH OCCUPANCY AND DIVERSIFIED TENANT MIX
  4. ROBUST TRADE AREA DEMOGRAPHICS AND ECONOMIC DRIVERS
  5. DAYTIME POPULATION CATALYSTS
  6. HEAVY TOURISM AND EVENT MARKET
  7. SIGNIFICANT UNIVERSITY PRESENCE
  8. STRATEGIC URBAN INFILL LOCATION WITH EXCEPTIONAL ACCESSIBILITY
  9. EXCEPTIONAL FOOT TRAFFIC
  10. SUBSTANTIAL IN-PLACE CASH FLOW
Providence Place 4_Actifs en vente
Providence Place 4_Actifs en vente

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Dernière mise à jour
8 déc. 2025