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Boston & New England  + New England  + Retail  |  April 4, 2022
Capital Group Properties, LLC, has acquired Warwick Center, a 160,000-square-foot regional shopping center near the Providence, RI.
Lisa McDuffie
By: Lisa McDuffie

Capital Group Finishes Shopping for Retail Complex in Providence

JLL has closed the sale of Warwick Center, a 160,000-square-foot regional shopping center in the Providence, RI community of Warwick.

A JLL team representing the seller was led by Nat Heald, Bill Moylan, Chris Angelone and Zach Nitsche. Capital Group Properties, LLC, acquired the asset.

Completed in 2005, Warwick Center is home to a mix of national credit tenants and destination retailers including DSW, Ulta Beauty, Barnes & Noble, Party City, The Edge Fitness Club, Carrabba’s Italian Grill and Walpole Woodworkers.

Warwick Center is positioned on 23.17 acres at 1324 Bald Hill Road about 12 miles from downtown Providence. It is along the state’s dominant retail corridor, which draws shoppers from as far as 20 miles away.  According to JLL Research, the retail recovery is well underway thanks to a resurgence of in-person shopping. Suburban shopping centers like Warwick Center have seen a faster recovery than urban retail, with foot traffic above 2019 levels.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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