Projo Biz Blog

'Superman' building is sold

3:35 PM Mon, Jan 28, 2008 |
By Benjamin N. Gedan    Email this author |   Email this entry

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The Bank of America tower, built in 1927, is the tallest building in the state.

The Inland Real Estate Corporation has sold the art deco Bank of America tower, known locally as the Superman building, to High Rock Westminster Street LLC, a company affiliated with Compass Realty Associates in Burlington, Mass., according to the broker, NAI Hunneman Commercial.

The deal closed on Friday, Jonathan Aron, a vice president at NAI Hunneman, said. High Rock paid $33 million.

“It’s such a landmark building,” Aron said. “It’s such an identifiable building in Providence.”

The Superman reference, for those of a certain age, stems from the similarity to the Daily Planet building, workplace of Clark Kent, aka Superman, in the 1950s TV series about the comic-book hero.

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