Legacy Capital Ventures Spends $7M for Fully Leased MOB in Lincoln, RI
Newmark has completed the $7.1-million sale of 701 George Washington Highway, a Class A medical/office building located in Lincoln, RI.
A Newmark team of Michael Greeley, Joseph Alvarado and George Demoulas represented the seller, FH French, and procured the buyer, Legacy Capital Ventures.
Newmark’s Robert Griffin, Frank Nelson, Blake McLaughlin, Allie Percoco and Casey Valente provided transaction support on the transaction while Nickolas Revers provided financial analysis support.
Completely gut renovated in 2018, 701 George Washington Highway is a “like-new” asset totaling 40,037 square feet. It is fully leased as the corporate headquarters of BETA, an engineering firm, and is one of seven regional cancer institute clinics for Lifespan, the largest health system in RI.
701 George Washington Highway is positioned off Route 146 and Interstate 295 with seamless connectivity to Lifespan’s flagship hospitals in Providence as well as employees and patients located across the region.
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.