Garden City Center totals more than 530,000 square feet of retail space.
CRANSTON, RI—Chestnut Hill, MA-based real estate development firm WS Development has added the Garden City Center to its Northeast portfolio.
The firm's new asset totals more than 530,000 square feet and includes such national tenants as Whole Foods, lululemon, L.L. Bean, Crate & Barrel, Pottery Barn, Sephora and Williams Sonoma.
The property at 100 Midway Road changed hands in a deal reportedly valued at $181 million, according to a report in the Boston Globe.
"Garden City Center is a beloved and powerful hub with a long history of success. We believe that our experience creating retail gravity in similar markets will allow us to take something great and make it even better. We are looking forward to working with the existing tenants and community toward this goal," states Jeremy Sclar, president of WS Development.
First opened in 1948, the property is centered between interstates 95 and 295, and is located 10 minutes from Providence and minutes from T.F. Green Airport.
WS Development's mixed-use portfolio includes more than 90 properties in 12 states and has 23 million square feet under management and an additional eight million square feet under development.
The firm owns, develops, operates, markets and leases its assets, including urban centers, lifestyle centers, power centers, community centers and mixed-use developments. WS states it has a keen focus on community activation, retail mix, design, landscaping and public art and that Garden City Center falls squarely into this category as the best of the best in a robust market.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
