Johnson & Wales University acquired a retail building at 35 Richmond St. in Providence, RI, from JJD Realty Inc. for $2.25 million or $319 per square foot.
The property is a 7,060-square-foot shopping center was constructed in 1900. The buyer plans to demolish the building to build a parking garage.
No brokers were involved. For additional information, please see CoStar COMPS #2582005.