Brown University Buys Major Office Building in Providence for $6.3 Million
GoLocalProv Business Team
Brown University Buys Major Office Building in Providence for $6.3 Million
The Packet Building located at 155 South Main Street will be utilized for the Brown School of Public Health.
Brown’s spokesman Brian Clark tells GoLocal, “We acquired this building to support the long-term expansion of the School of Public Health. The property currently has multiple commercial tenants. All existing leases will be honored and for now, the property will remain a commercial building with no change in payments to the city. We do not yet have a timeline for when the School of Public Health will begin occupancy.”
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Gary Garabedian tells GoLocal, "My grandfather lLoyd Bliss, the founder of Bliss properties was responsible for our portfolio of prime commercial property locations including the Packet Building. We sold the asset because we are seeking other real estate opportunities in New England."
About the Building
The Packet Building was built in 1970 and is assessed for $6.2 million by the City of Providence. The building was designed by Fenton Keyes and Associates which according to Harvard, "was a Boston-area architectural services and engineering firm founded by Fenton G. Keyes.
"Keyes Associates was a prolific firm in the mid-twentieth century designing many buildings for the city of Waltham, Massachusetts and Northeastern University. They also had offices in Rhode Island, Connecticut, and New Hampshire," states Harvard.