On May 25, 2007, an affiliate of Meritage in joint venture with Avenue Real Estate Fund LP acquired One Financial Plaza, a 322,284 SF, 28-story office tower located in Providence, Rhode Island. The Property, one of the most prominent office buildings in Providence, is located at the epicenter of the Central Business District, offering unobstructed views of the State House, Providence River and Narragansett Bay.
Since acquiring the property, Meritage has made numerous selective upgrades to the operating management systems, building systems and tenant amenity package (adding food service, valet parking and a tenant-only fitness center) positioning One Financial as arguably the best office environment in Providence. The building offers an outstanding window line and floorplate, allowing both full and partial floor tenants the opportunity to create exceptional, highly efficient “open” or “traditional office” floorplans. In addition, One Financial has one of the lowest loss factors of any downtown Providence building, increasing the cost-effective benefits of the building.
The first class tenancy at One Financial Plaza consists of a who’s who of high credit, well known law and financial services firms, many of whom have made meaningful and long term commitments to the building.
To learn more about the property please go to: www.onefinancialplaza.com