State Supplement sponsored by:
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THE NEW ENGLAND EDITION
A Supplement to:
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WINTER SPECIAL
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2% financing* on
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395
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February 7 2018 Vol. L • No. 3
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The property is part of 22 land parcels transferred to the state in 2013 after I-195 was relocated.
two ground-up construction buildings: a 191,000-sq. ft. Innovation Center office building and the Starwood Brand Aloft Hotel, an approximately 170-room hotel with ground floor retail that will be adjacent to the office and research building. The Innovation Center is anchored by Brown’s School of Professional Studies, which will occupy about 50,000 sq. ft., and the Cambridge Innovation Center (CIC), which will feature approximately 66,000 sq. ft. of office space. CIC also will operate an onsite café and District Hall, along with a two-story public meeting space, which will see COMPLEX page 14
Chadwick-BaRoss Completes Acquisition of Southern Rhode Island Equipment Sales
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What was once a busy interstate highway ramp will soon be Rhode Island’s newest technology-innovation complex with three major tenants, plus a hotel to come. “Wexford Science & Technology LLC are in Phase 1 of a $158 million commercial development project,” according to a press release from the Providence Innovation & Design District. “Phase 1 of the project includes
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Chadwick-BaRoss Inc. (CBR) has completed the acquisition of Southern Rhode Island Equipment Sales Ltd. (SRIES). The deal, which closed on Jan. 26, will result in the expansion of CBR’s operations into the state of Rhode Island, starting with the former SRIES location in Warwick. CBR also confirmed that it will be retaining all employees at the Warwick site as new members of the CBR team. “We welcome the SRIES employees to the CBR family,” said Randy Mace, president of Chadwick-BaRoss. “The Warwick team has done a tremendous job of building a great local business over the past 20 years, and we look forward to integrating them into our company and learning from the outstanding experience base that they bring to our operations.”
The Warwick branch will be CBR’s 6th location in the Maine-based company’s operations, which cover Maine, New Hampshire, Vermont, Connecticut, Rhode Island, and Massachusetts. “This acquisition is important for us,” said Mace. “The growth opportunity that SRIES represents is significant, but it also represents an important avenue for us to better support and service our existing customers in the neighboring areas where CBR already had a presence. We’re very much looking forward to building upon SRIES’s great relationships in Rhode Island, and continuing to represent the CBR brand throughout New England.” For more information, visit www.chadwick-baross.com. (This story also can be found on Construction Equipment Guide’s website at www.constructionequipmentguide.com.)