Find Real Estate Agents and Homes for Sale


Real Estate News --> Rhode Island News

Paolino adds Hasbro office building to real estate holdings


PROVIDENCE, R.I. — Paolino Properties has added to its Rhode Island real estate portfolio this month with the purchase of an East Providence building that houses Hasbro Inc. offices.


Archived Story

a, .DMNReferPhotos > a { color:#0076b4 !important; } .DMNReferLink > a:hover, .DMNReferPhotos > a:hover { color:#2d2d2d !important; } .DMNReferLink > a:link, .DMNReferPhotos > a:link { color:#0076b4 !important; text-decoration:none !important; font-family:'Open Sans', sans-serif !important; font-size:14px !important; line-height: 21px !important; padding-bottom: 0px !important; } .DMNReferLink strong, .DMNReferPhotos strong { color:#000 !important; font-family:'Open Sans', sans-serif !important; font-size:13px !important; font-weight:700 !important; letter-spacing:1px !important; text-transform:uppercase !important; } .DMNReferWrapper { width:220px!important; clear:left !important; float:left !important; margin-bottom:20px !important; margin-left:0!important; margin-right:20px !important; } .floatingContent { border:none!important; width:220px!important; float:left !important; font-size:.8em !important; margin:10px 10px 0 0 !important; } .floatingContent-right { width:220px!important; } .moreOnThisStory { background-color:#fff!important; font-size:1.375em !important; border-bottom:1px dotted #ccc !important; color:#000 !important; font-family:'Open Sans', sans-serif !important; font-weight:700 !important; letter-spacing:1px !important; padding-bottom:5px !important; text-transform:uppercase !important; } .pictCaption, .pictCredit { font: normal 600 13px/16px 'Open Sans',sans-serif !important; padding-bottom: 10px !important; padding-top: 5px !important; width:220px !important; } .relatedPict > img { margin-top:10px !important; border-color:#ccc !important; border-style:solid !important; border-width:1px !important; } div.floatingContent div.relatedContents { width:220px !important; font-size:.95em !important; margin:0!important; padding:0!important; } div.relatedContents li.first, div.relatedContents li { border-bottom:1px dotted #ccc !important; color:#0076b4 !important; font-family:'Open Sans', sans-serif !important; font-size:14px !important; font-weight:600 !important; line-height:21px !important; list-style:none !important; margin:0 !important; padding:7px 0 !important; } div.relatedContents ul { list-style-type:none !important; margin-left:0 !important; width:220px !important; } .DMNReferLink p, .DMNReferPhotos p { font-family:'Open Sans', sans-serif !important; font-size:14px !important; line-height: 21px !important; padding-bottom: 0px !important; } .DMNReferWrapper p { padding-bottom: 0px !important; } .entry-content span a { color: #0069aa; display: block; font-family: Georgia !important; font-size: 16px; line-height: 20px !important; text-decoration: none; } $(document).ready(function () { $('.mugRelations').insertAfter('.linkRelations'); $('.muRelations').insertAfter('.linkRelations'); $('.DMNReferWrapper').insertAfter('.entry-content p:nth-child(2)'); if ($('.DMNReferLink')[0]) { } else { $('.moreOnThisStory').remove(); } }); January 13, 2015 10:23 AM EST January 13, 2015 03:36 PM EST Paolino adds Hasbro office building to real estate holdings addLoadEvent(function () { makeBreadCrumbRequest("http://res.providencejournal.com/articles/ajax-bc.php", "bread-crumbs", window.location); }); Paolino adds Hasbro office building to real estate holdings Published: January 13, 2015 10:23 AM Comments .addthis { border-top: 1px solid #0F3E71; border-bottom: 1px solid #0F3E71; padding: 10px 5px; margin-bottom: 20px; } var switchTo5x=true; stLight.options({publisher: "af51aaca-03ce-4aa8-b72b-e643556f6eaf", doNotHash: true, doNotCopy: false, hashAddressBar: true}); By Paul Grimaldi Paul Grimaldi The Providence Journal pgrimald@providencejournal.com Published: January 13 2015 10:23 PROVIDENCE, R.I— Paolino Properties has added to its Rhode Island real estate portfolio this month with the purchase of an East Providence building that houses Hasbro Incoffices.The real estate firm, led by former Providence mayor Joseph RPaolino Jr., paid $10.5 million to a real estate holding entity — Conhas I & II LLC — for the 123,000-square-foot building at 200 Narragansett Park Drive, the Paolino company said TuesdayMore than 400 employees in Hasbro’s research and development, administrative and data units work in the building, which is just down Newport Avenue from the toy maker’s Pawtucket headquarters.The purchase adds to Paolino’s expanding portfolio“We are committed to supporting the continued growth of Rhode Island’s economy and providing high quality space for corporations and their employees,” Paolino said“The acquisition also aligns with our objective to grow and diversify the Paolino portfolio.”A year ago, Paolino Properties made perhaps its largest purchase, paying $60 million for the downtown Providence office tower at 100 Westminster St., the attached historic building at 30 Kennedy Plaza and the parking lot at 110 Westminster St.Paolino’s plan to purchase the Newport Grand slot parlor along with two other investors was put on hold in 2014 after voters in that city turned down a November referendum that would have allowed table games at the venue. On Twitter:  @PaulEGrimaldi .addthis { border-top: 1px solid #0F3E71; border-bottom: 1px solid #0F3E71; padding: 10px 5px; margin-bottom: 20px; } var switchTo5x=true; stLight.options({publisher: "af51aaca-03ce-4aa8-b72b-e643556f6eaf", doNotHash: true, doNotCopy: false, hashAddressBar: true}); var pjc_oburlStr = location.pathname + '; pjc_oburlStr = (pjc_oburlStr.indexOf('?') > -1) ? pjc_oburlStr.substr(0, pjc_oburlStr.indexOf('?')) : pjc_oburlStr; var OutbrainPermaLink = 'http://www.providencejournal.com' + pjc_oburlStr; document.write('); var pjc_oburlStr = location.pathname + '; pjc_oburlStr = (pjc_oburlStr.indexOf('?') > -1) ? pjc_oburlStr.substr(0, pjc_oburlStr.indexOf('?')) : pjc_oburlStr; var OutbrainPermaLink = 'http://www.providencejournal.com' + pjc_oburlStr; document.write('); COMMENTS Providencejournal.com is now using Facebook CommentsTo post a comment, log into Facebook and then add your comment belowYour comment is subject to Facebook's Privacy Policy and Terms of Service on data useIf you don't want your comment to appear on Facebook, uncheck the 'Post to Facebook' boxTo find out more, read the FAQ

Trending Rhode Island News:


  • Letters: Rhode Island Tolls, Driver Shortage
  • ABC6’s “In the Arena” Talk the State House Shutdown
  • Downtown Silver Spring’s newest restaurant: Not Your Average Joe’s
  • Former Breck home sells for $7.6M
  • Jenna Deluca weds Ryan Podskoch
  • Panama Papers: ‘Secret’ deal for Little Havana pharmacy sparks lawsuit
  • Rhode Island firm says it'll spend $100M to redevelop Benny's locations
  • Records: Fall River's branding consultant helped write the RFP he won
  • Vermont man suspected by relatives of killing grandfather, mother could inherit more than $7 million
  • To keep farmers local, Rhode Island resells land at a discount
  • Rhode Island knife factory to be transformed into housing
  • RIDOT previews bridge, highway construction season
  • The 2017 Power List — Attorneys and the Judiciary
  • Take a Look at Taylor Swift's Impressive Real Estate Portfolio
  • Five Questions With: Ryan Antrop
  • Citrin Cooperman adds firm, expands into RI
  • Suspect's widow drawn into Boston bomb investigation
  • Rhode Island Meets Warren Buffett?
  • Value of commercial real estate sales grows 37%
  • 2016's most outrageous NYC design proposals, from an East River gondola to a revamped Penn Station