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Boston & New England  + New England  + Retail  |  September 18, 2023
Emily Fu
By: Emily Fu

JV Buys Rhode Island Shopping Center 

A joint venture partnership between ShopOne Centers REIT Inc., Pantheon, and a global institutional investor has acquired North Providence Marketplace, a 112,497-square-foot grocery-anchored shopping center in North Providence, Rhode Island.  

The shopping center is anchored by Shaw’s Supermarket and is located two miles north of downtown Providence. The center is 88% occupied and features a mix of national retailers, including Dollar Tree, Rainbow, H&R Block, and Sally Beauty Supply.  

“North Providence Marketplace has catered to the high number of employees and students in the Providence market for more than five decades, and we are excited to provide this community with a clean, safe and enjoyable shopping environment each time they visit,” said Chris Reed, Chief Investment Officer at ShopOne. 

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Inside The Story

Chris Reed

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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