CBRE Brokers Sale of Three Warwick Retail Properties

Curbline Properties bought the 14,827-square-foot properties at 989 Centerville Rd. from affiliates of Sand Point Companies in an off-market deal.

Updated on Nov. 10, 2026 in Retail

Bold flat-color editorial illustration of three plain low retail pavilions beside an empty parking lot, rendered in navy, cream, and red, evoking a quiet suburban commercial sale. — CBRE brokered the off-market sale of three Warwick, Rhode Island retail properties totaling 14,827 square feet, bought by Curbline Properties from Sand Point Companies affiliates. AI Illustration. Upload story photo >

CBRE arranged the sale of three retail properties totaling 14,827 square feet at 989 Centerville Rd. in Warwick, RI. Curbline Properties purchased the properties from affiliates of Sand Point Companies.

Why it matters

The transaction completes a two-part disposition following redevelopment of the former TGI Fridays site, which sits within the Bald Hill Rd. retail corridor. The sale was conducted off-market, with the buyer identified directly through that strategy.

The three properties total 14,827 square feet and are leased to Citizens Bank, CAVA, Shake Shack and Veterinary Emergency Group. The source does not disclose the transaction price or the lease terms.

The players

CBRE

CBRE is a global commercial real estate services firm that brokered the transaction on behalf of the seller.

Curbline Properties

Curbline Properties is a real estate investment company that acquired the three Warwick retail properties.

Sand Point Companies

Sand Point Companies is a real estate firm whose affiliates sold the properties to Curbline.

The details

CBRE's Robert Thompson, Matthew Gorman, Michael Shover, Thomas Finnegan and Nick Holtz represented the seller and procured the buyer. The sale followed a five-year redevelopment effort at the site and was executed off-market.

The redevelopment effort concluded over a five-year period ending with the sale.
The transaction was announced in an article published November 10, 2026.

Market Landscape

The sale is the final phase of a two-part disposition following redevelopment of the former TGI Fridays site on the Bald Hill Rd. retail corridor. Tenants including Shake Shack and CAVA in the portfolio reflect the fast-casual restaurant concentration in that corridor.

For Warwick shoppers, the sale changes ownership of the properties but the source does not indicate any change to the existing tenants. Residents and customers of Citizens Bank, CAVA, Shake Shack and Veterinary Emergency Group are not directly affected by the transaction as reported.

The takeaway

Off-market deals can move retail property between owners without public listings, so local shoppers and neighbors often learn of ownership changes only after the fact. Watching brokerage announcements is one way to track shifts in a local retail corridor.