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Boston & New England  + New England  + Industrial  | 

Colorado Investor Acquires Rhode Island Industrial

Marcus & Millichap finalized the sale of a 21,570-square-foot industrial warehouse in Bristol, RI. Terms of the sale were not disclosed. 

“This sale is a testament to continued strong demand for Rhode Island industrial investments from both local and national groups,” said Harrison Klein, managing director of investments. “A lack of supply for smaller buildings continues to push record sale prices.” 

Klein and Michael Grant, investment specialists in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller, a private investor, and procured the buyer, Playground Properties, a Colorado-based investor. This marks the fourth Rhode Island transaction brokered by The Klein Group in recent years. 

Built in 1986 and fully renovated in 2023, the single-story property is located at 66 Tupelo St. in Bristol’s established industrial park. The facility is 100% leased to a local manufacturer on a long-term lease. 

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Marcus & Millichap's Klein

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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