Warwick, R.I. - An affiliate of CRES Development Co. recently acquired Bald Hill Plaza in Warwick for $9 million. The seller was-based Archon Group LP.
The 128,840-sq.-ft. power center, which is located along the state's most heavily concentrated retail corridor, includes anchor tenants TJ Maxx, MVP Sports and Target Department Stores. CRESCo. plans to renovate and re-merchandise the center, notes president and chief operating officer Bruce Gorsky.
Based in Lynnfield, Mass., CRES Development Co. is a REIT active throughout the states of New England and Florida.