News & Transactions

January 07, 2021

Fair of Cushman & Wakefield/Hayes & Sherry sells 301 Friendship Street for $765,000

Providence, R.I.  – Matt Fair, a Senior Vice President at Cushman & Wakefield/Hayes & Sherry, recently handled the sale of the historic office building at 301 Friendship Street in Providence, RI for $765,000.  The + 6,100 square foot, two-story building...

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December 30, 2020

Medical office building in East Greenwich sells for $18.7M

EAST GREENWICH - The recent sale of a Class A medical office building at 1454 South County Trail has set a record in Rhode Island for...

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October 23, 2020

2020 Multifamily Market Report: Providence outperforming its peers

 

The Providence multifamily sector remains strong amidst the pandemic. In a time of “doom & gloom”, the Providence market is continuing to...

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September 28, 2020

The Future of the Office - Is It the Tale of Two Cities in Providence?

Is Providence the "right size" for the future of work?  Eight months into the coronavirus pandemic, many offices remain shuttered, or are working with restrictions. 

 

The future of work is in question. Companies like Facebook, Google, and Twitter are allowing...

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September 22, 2020

Sherry and Flachbart of Hayes & Sherry Real Estate sell 66,000 SF for $3.8 million

East Providence, R.I.  – PACE Organization, a non-profit that provides services for seniors with complex medical needs, has purchased a new...

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August 18, 2020

Lucivero and Flachbart of Hayes & Sherry facilitate $8.8 million sale

Warwick, R.I. – August 18, 2020 – The 47,000 SF, 3-story Office Building located at 1 Coastway Blvd in Warwick, RI was recently sold for $8.8 million. The Providence Community Health Centers purchased...

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April 16, 2020

U.S. National MarketBeat Q1 2020

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity, including...

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April 09, 2020

Derek Brazeau to lead Hayes & Sherry Multifamily Division

Hayes & Sherry is pleased to announce the hiring of Derek Brazeau. Mr. Brazeau is responsible for leading the Multifamily....

 

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March 17, 2020

Rhode Island CRE market maintains steady momentum with limited new supply

 

The overall economy in Rhode Island showed consistency in 2019. The state gained 1,700 jobs from January 2019 to January 2020 and the unemployment rate decreased from 4.0% to 3.4%. The stable economy combined with limited new speculative office developments in either downtown Providence or the suburbs has continued to tighten the local office market and...

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March 12, 2020

CoStar Power Broker Award Winner 2019

Washington, D.C. ---CoStar Group, Inc., the data/analytics leader of the commercial real estate industry, just announced this year’s Power Broker Award recipients, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals and leads in their respective markets.  In Providence, RI, Hayes & Sherry, a Cushman & Wakefield Alliance member

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October 21, 2019

Providence Office Market Beat Q3 2019

Rhode Island’s unemployment rate decreased from 4.0% in third quarter 2018 to 3.6% in third quarter 2019. RI continues to win new business through...

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August 28, 2019

Matt Fair of Cushman & Wakefield/Hayes & Sherry sells 21,000 SF Medical Office Buildings for $6.1m

The Medical Office Buildings located at 120 Centerville Road and 45 Gilbane Street in Warwick, RI were recently sold to...

 

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July 16, 2019

Providence Office Market Beat Q2 2019

Rhode Island’s unemployment rate decreased from 4.2% in second quarter 2018 to 3.7% in second quarter 2019. RI continues to win new business through the state’s jobs tax credits and other economic incentives. Orsted...

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April 09, 2019

Providence Office Market Beat Q1 2019

Rhode Island’s unemployment rate decreased from 4.5% in first quarter 2018 to 3.9% in first quarter 2019. The state’s new jobs tax credits and other economic incentives continue to...

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February 11, 2019

Hayes joins Delta Dental of Rhode Island board of directors

PETER HAYES, founder and partner of Hayes & Sherry Real Estate Services, has joined the board of directors at Delta Dental of Rhode Island. 

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February 07, 2019

Freestanding office building sells for $2M in Jewelry District

THE THREE-STORY BRICK building at 89 Ship St. in the Jewelry District of Providence has sold for $2 million. / COURTESY HAYES & SHERRY REAL ESTATE SERVICES

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February 01, 2019

Flachbart Joins Hayes & Sherry

Steve Flachbart joined Hayes & Sherry Real Estate Services in 2018 as a commercial real estate broker.  He specializes in the office services division serving clients’ needs in both leasing and...

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January 01, 2019

Providence Office MarketBeat Q4 2018

Rhode Island’s unemployment rate decreased from 4.5% in fourth quarter 2017 to 4.0% in fourth quarter 2018. The state’s new jobs tax credits and other economic incentives continue to pick up steam: Mobius,...

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October 11, 2018

Providence Office Market Beat Q3 2018

The overall vacancy rate decreased again this quarter from 12.0% in second quarter 2018 to 11.9%...

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July 30, 2018

Providence Office MarketBeat Q2 2018

Rhode Island’s unemployment rate decreased from 4.6% in Q2 2017 to 4.5% in Q2 2018. The state’s new jobs tax credits and other economic incentives continue to pick up steam: Mobius, Epiq, Infosys, VistaPrint, GE, J&J, Agoda, E-Money Advisors, and Virgin Pulse will...

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June 11, 2018

Hayes & Sherry/Mott & Chace Sell 321 South Main Street

Granoff Associates has sold the building known as The Heritage Building located at 321 South Main Street in Providence.  The Buyer is 321 SMS Partners from Providence.  The building,

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April 19, 2018

Providence Office MarketBeat Q1 2018

The overall vacancy rate increased slightly this quarter, jumping from 12.0% in Q4 2017 to 12.1% at the end of Q1 2018. Leasing activity was healthy and asking rents continued their trend of moderate increases. After two strong quarters of absorption

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March 20, 2018

Providence Office Market Update March, 2018

The City of Providence had decent office leasing activity over the past year.  The vacancy rate, as reported in our Cushman & Wakefield | Hayes & Sherry Market Beat report for Q4 2017, was 12% down from 12.7% a year earlier.

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January 18, 2018

Providence MarketBeat Office Q4 2017

Driven by new tenants from outside the state, the Providence office market strengthened throughout 2017 and there are hopes the trend will continue in 2018. The most significant development....

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January 18, 2018

Providence MarketBeat Industrial Q4 2017

The Rhode Island market remains quite active, especially on the sales side. There is a low supply....

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October 17, 2017

The Value Of A Box

In today’s retail world, things are not the same. There is a huge shadow hanging across the market brought on by the explosion of online retailing and what it is doing to “bricks and mortar” retailers...

 

 

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October 17, 2017

Providence MarketBeat Office Q3 2017

Providence, RI   The direct vacancy rate decreased slightly from 12.5% reported in Q2 2017 to 12.2% at the end of Q3 2017. Leasing activity was strong again this....

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July 27, 2017

Providence MarketBeat Industrial Q2 2017

The Providence industrial market still maintains asking rental rates in the $4.50 - $6.50 NNN per square foot (psf) range for facilities in the 20,000-50,000 square foot (sf) range ‘as is’.

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July 18, 2017

Providence MarketBeat Office Q2 2017

The direct vacancy rate decreased slightly from 12.6% reported in Q1 2017 to 12.5% at the end of Q2 2017. Leasing activity was strong again this quarter and asking rents also ticked up slightly.....

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June 12, 2017

Hayes & Sherry Represents Wells Fargo

Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Wells Fargo...

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June 09, 2017

Karl Sherry and Jeff Finan Represent Medicare In 20,000 SF Lease

Karl Sherry and Jeff Finan of Hayes & Sherry, a Cushman & Wakefield Alliance member, represent Medicare in its lease....

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May 16, 2017

Karl Sherry Represents Blue Cross Blue Shield of RI For 50,000 SF Lease

Karl Sherry of Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Blue Cross Blue Shield of RI for a....

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May 15, 2017

Karl Sherry Represents Blue Cross Blue Shield of RI For 45,000 SF Lease

Karl Sherry of Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Blue Cross Blue Shield of RI for....

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May 04, 2017

Hayes & Sherry finishes lease-up on the redevelopment of Boaters World property at Wildes Corner in Warwick

Link Commercial Properties purchased the vacant 4-acre parcel on West Shore Road because of its...

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April 28, 2017

Matt Fair completes three new leases and one sale at The Gardens Office Park totaling 12,000 SF

New ownership acquired the asset in 2015 and has invested significant capital in upgrading....

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April 24, 2017

Pathway Capital Leases 7,100 SF

Pathway Capital leases 7,100 SF at 500 Exchange Street, Providence.

April 24, 2017

Karl Sherry Represents Higgins, Cavanagh & Cooney, LLP

The law firm Higgins, Cavanagh & Cooney, LLP has leased 12,500 SF......

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April 24, 2017

Blue Cross Blue Shield Leases 51,000 SF in East Providence

Blue Cross Blue Shield of Rhode Island recently leased 51,000 SF....

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April 23, 2017

Hayes & Sherry acts as exclusive tenant representative for AT Cross

Hayes & Sherry acts as exclusive tenant representative for AT Cross and after a nearly two exhaustive search AT Cross was able to secure a sublease agreement...

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April 20, 2017

Providence MarketBeat Office Q1 2017

Rhode Island’s unemployment rate decreased from 5.5% in Q1 2016 to 4.5% in Q1 2017. The State’s new jobs tax credits and other economic incentives continue to pick up steam.....

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April 20, 2017

Northwoods Office Park Lands Three New Tenants

Northwoods Office Park adds three new tenants; United Health Care, Pannone Lopes Devereaux & O'Gara LLC and American Arbitration Association....

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March 31, 2017

Governor Raimondo's tax credits, incentives and grants are attracting new companies in RI

Governor Raimondo and Commerce RI's efforts attract new companies to RI.....

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March 30, 2017

Providence Office Market Update March, 2017

The City of Providence has had no new ground-up office development over the last year.  The vacancy rate, as reported in our Cushman & Wakefield | Hayes & Sherry MarketBeat report...

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December 21, 2016

Cross Pen Maker Seeks Revival with Flagship Store

The 170-year-old company that makes Cross pens opened a flagship retail store Wednesday at its new Providence headquarters.

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December 21, 2016

Raimondo, Elorza Celebrate A.T. Cross Expansion in Providence

Legendary Rhode Island-Based Company Relocates and Expands in Providence, Opens New Storefront at 299 Promenade Street.

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