FM Global Gives Former Johnston Headquarters a $60M Makeover
Hobbs Brook Management L.L.C., the real estate affiliate of FM Global, is overseeing a $60 million renovation of FM Global’s former headquarters at 1301 Atwood Ave. in Johnston.
The Johnston Sunrise reports that the makeover will result in 338,600 square feet of office space, a full-service cafeteria and exercise facility. To be renamed Northwoods, the new facility is a candidate for LEED Gold certification. Construction is expected to be complete by the fall of 2014.
The complex is located minutes from Downtown Providence and T.F. Green Airport, immediately adjacent to Route 6, and is accessible by all major interstates in Rhode Island and Massachusetts.
Built in 1973, the property served as FM Global’s headquarters until 2009, when the insurer moved to its $154-million, 366,600-square-foot location on Central Avenue. According to the Providence Journal, Hobbs Brook Management owns both FM Global’s current headquarters and the previous location on Atwood Ave.
Dimeo Construction Company Co. of Providence is the contractor for the renovation, which is designed by Margulies Perruzzi Architects. Hayes & Sherry, a Cushman & Wakefield Alliance member, will handle leasing.
Photo credits: hayessherry.comTags: Commercial, Developers, Development, Dimeo Construction Company, Finance/Investment, FM Global, Green, Hayes & Sherry, Hobbs Brook Management LLC, Investors, leasing, Local, Managers, Margulies Perruzzi Architects, Office, Owners, Professional, property management, Providence Lead Story, Providence office, Regional