Journal file photo
Shoppers might soon find their way back to the Rhode Island Mall as this woman did in 1998.
WARWICK, R.I. -- The Rhode Island Mall has been sold for $38 million and the new owners pledge a renovation that will bring about 225 construction jobs to Warwick and about 150 permanent and part-time jobs to the mall.
Winstanley Enterprises, LLC of Concord, Mass., and Surrey Equities, LLC of New York bought the 450,000-square-foot mall from GLL Real Estate Partners of Orlando, Fla.
The mall portion of the property, 225,000 square feet, has been closed since April 2011, but the stand-alone retail space on the site houses Sears, Wal-Mart and Kohls.
The new owners plan to renovate the mall's interior and exterior to create larger tenant spaces that cater to anchor tenants, according to spokesman Matthew Watkins, president of Watkins Strategies of Quincy, Mass.