Inland Pays $29.8M for Hasbro Building in Providence, RI
Inland Diversified Real Estate Trust, Inc. has acquired the Hasbro Building, a 135,908-square-foot office building in Providence, RI, for $29.8 million.
The property is 100% leased to Hasbro, Inc. (NASDAQ: HAS), a branded play company.
Pawtucket-based Hasbro Inc. finalized a 12-year lease for this space a year ago this month, according to Berkeley Investments of Boston, which owned the asset at the time. Hasbro was represented in the lease by Joseph Fallon and Michael Dalton of Cassidy Turley FHO.
The CBRE Capital Markets team had been marketing the building - located at 15 LaSalle Square - for sale, according to a company brochure.
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