By Paul Grimaldi
PROVIDENCE, R.I. -- The office building at the foot of the State House lawn sold last Thursday for $13.2 million to a Boston real estate firm.
Albany Road Real Estate Partners bought the Gateway Center building in Capital Center -- the second purchase in Rhode Island this year for the fledgling firm.
Earlier this year, Albany Road closed a $13.6 million purchase of a four-story office building in Warwick's MetroCenter office park.
The building next to the Providence train station was constructed in 1989, financed by $23 million in state bonds.The four-story building at 15 Park Row West has had a number of owners and primary tenants. It is 86-percent leased. Among the tenants are Admirals Bank, software firm Andera and The Big East conference.