PROVIDENCE, R.I. (AP) — Former Providence Mayor Joe Paolino (pay-oh-LEE'-noh) Jr. has bought a 20-story downtown office tower and two smaller properties for approximately $60 million.
Paolino announced on Wednesday that his firm, Paolino Properties, had acquired the building at 100 Westminster St., as well as a smaller attached building and a parking lot across the street.
The 350,000 square-foot skyscraper houses offices for companies including Providence Equity Partners, Nortek and the U.S. attorney's office. The two buildings were last sold in 2006 for $62 million.
Paolino says he is now the only Rhode Island resident to own a high-rise building in Providence.
Paolino was mayor from 1984 to 1991.
Image: SHUTTERSTOCK Laura Stone