- Associated Press - Friday, June 26, 2015

WARWICK, R.I. (AP) - A Baltimore-based real estate firm has closed on its purchase of the Rhode Island Mall in Warwick.

WPRO-AM reports (https://bit.ly/1e8wJ1b ) that MCB Real Estate completed the sale of the former Midland Mall on Wednesday. The sale price wasn’t disclosed.

The company has plans to convert the property into several big box stores.

Former co-owners Winstanely Enterprises and Surrey Equities bought the mall in 2012 for $38 million and had planned to convert the two-story mall into an indoor outlet. Those plans were abandoned earlier this year.

The mall has also been owned by GLL Real Estate partners from Orlando, Florida.

Details about when the mall’s redevelopment will begin have not been released.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide