Pyramid Management Group—one of the nation’s largest private owners of super regional malls and centers—has issued a press release expressing joy over having been reunited with a property the Syracuse-based company originally developed and operated beginning in 1999.
In partnership with Paolino Properties and DW Partners, Pyramid will now return as an owner-operator at the Providence Place mall in Providence, R.I., the 1.4 million-sq.-ft. retail centerpiece of the state’s capital and its largest mall.
The transaction, which includes both the real estate and management of the center valued at approximately $133 million, represents the beginning of a comprehensive repositioning and revitalization process for one of New England’s most prominent retail assets, according to Pyramid CEO Stephen Congel…