Boston & New England + New England + Retail | May 12, 2022

Gaspee Real Estate Partners has merged with J2 Properties to form a new firm, Gaspee Companies.

Merger of Gaspee Partners, J2 Properties Results in $100M New England Portfolio

East Greenwich, RI-based Gaspee Real Estate Partners has merged with J2 Properties, also based in RI, to form a new firm.

Gaspee Companies will focus on acquiring, developing and repositioning value-add properties throughout the US in addition to maintaining a specialization in single-tenant net-lease development in the Northeast.

Steve Hardy and Chris Needham, principals and co-founders of Gaspee Real Estate Partners will continue to serve as principals of Gaspee Companies. Jeff Cammans, Founder of J2 Properties will serve as principal of Gaspee Companies.

The new firm now owns and manages a portfolio 30 properties valued at $100 million of commercial real estate in New England and $80 million in the pipeline for 2022. Recent completed projects include repositioning a vacant 42,000 square foot Sports Authority, acquiring and renovating a 55,000 square foot office building leased to the federal government, and the ground up development of a neighborhood shopping center in North Conway, NH.

Photo: Gaspee Companies property in Woonsocket, RI

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Gaspee Real Estate Partners

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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