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PROVIDENCE, RI-Continuing a pattern of pursuing commercial real estate in the northeast, NY-based Meritage Properties and Avenue Real Estate Fund have bought One Financial Plaza, a 28-story office tower in the city’s central business district. Neither side disclosed the price, but a source reported the mark to GlobeSt.com as $65.6 million, which would eclipse the $200 per-sf level for the 322,000-sf building.

Broker Jeffrey Dunne of CBRE/New England would not discuss specifics, but says the landmark tower likely traded at a near-record rate for Rhode Island. Dunne and colleagues Steven Bardsley and Alden Anderson represented the seller, an affiliate of GE Asset Management and Commonwealth Ventures LLC, and procured the buyers. Debt financing was provided by CBRE

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