Capital Group Properties Buys 160,000-Square-Foot Shopping Center in Metro Providence

Warwick, R.I. — Capital Group Properties has purchased Warwick Center, a 160,000-square-foot retail center in Warwick, about 12 miles from Providence. The property sits on 15 acres at the intersection of Interstates 95 and 295 and houses tenants such as Barnes & Noble, DSW Designer Shoe Warehouse, Edge Fitness, Ulta Beauty, Carrabba’s Italian Restaurant and Walpole Outdoors. Capital Group Properties purchased the property from Nuveen Real Estate for $12.3 million and plans to upgrade the landscaping, parking areas, signage, lighting and building façades.