MG Commercial

What MG Commercial does

MG Commercial Real Estate Services Inc. is a privately held, full-service commercial real estate brokerage firm headquartered at 365 Eddy Street in Providence, Rhode Island. Founded in 1998 by Michael Giuttari and sold to longtime partners George Paskalis and Leeds Mitchell IV in June 2021, the firm operates as the #1 independent commercial real estate brokerage in Rhode Island per Providence Business News. It serves landlords, tenants, investors, and institutions across Rhode Island and southeastern Massachusetts, with a team of approximately 8–9 professionals including three SIOR-designated brokers whose credentials represent the top tier of industrial and office real estate practitioners.

The firm delivers a unified suite of brokerage services rather than a modular product platform. Core offerings include landlord representation, tenant representation, investor services, sub-lease services, lease negotiation (renewals, expansions, buyouts), property valuation opinions, sale/leaseback transactions, 1031 tax-free exchanges, and general commercial real estate consulting across office, industrial, retail, and land asset classes. Service delivery is broker-led through direct client relationships, referrals from the banking and legal community, and active engagement in the SIOR New England Chapter. MG Commercial is the only firm in its market to receive CoStar Power Broker Awards in every category every year, and recent transactions span institutional healthcare (Lifespan), financial services (John Hancock, Ameriprise, Rockland Trust), education (Roger Williams University, NEIT), manufacturing (Imondi Foods, Okonite, Bento Sushi), and logistics (FedEx Ground, CVS).

Revenue is generated through transactional commissions on completed sales and leases; pricing is not publicly disclosed and rates are negotiated per transaction. The firm supplements transaction activity with thought-leadership content, including quarterly industrial outlook reports published via NEREJ and proprietary submarket rate analysis available on its website. There is no disclosed external investment, no parent company, and no digital product platform — MG Commercial operates as a relationship-driven, broker-led regional brokerage.

Name

MG Commercial

Legal name

MG Commercial Real Estate Services Inc.

Website

https://mgcommercial.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

MG Commercial is a privately held, full-service independent commercial real estate brokerage serving landlords, tenants, investors, and institutions across Rhode Island and southeastern Massachusetts. Ranked #1 independent CRE firm in Rhode Island per Providence Business News, it delivers transaction-based brokerage across office, industrial, retail, and land.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate brokerage
• Tenant representation services
• Landlord representation services
• Industrial property leasing
• Investment sales brokerage

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Brokerage Commissions: MG Commercial earns commissions on completed commercial real estate transactions including sales, purchases, leasing, and tenant/landlord representation. Services include sale/leaseback transactions, 1031 tax-free exchanges, and commercial real estate consulting.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

MG Commercial is a full-service commercial real estate brokerage firm providing landlord representation, tenant representation, investor representation, sub-lease, lease negotiation, property valuation, sale/leaseback transactions, 1031 tax-free exchanges, and commercial real estate consulting for office, industrial, retail, and land properties across Rhode Island and southeastern Massachusetts.

Product overview

MG Commercial is a full-service commercial real estate brokerage firm offering a unified suite of services. The company operates as a single integrated service offering rather than a platform-plus-modules architecture. Core services include landlord representation (sale/lease of commercial property - Office, Industrial, Retail, Land), tenant representation (search for new/additional space - purchase or lease), investor representation and consulting, sub-lease services for downsizing tenants, lease negotiation services (renewal/expansion/buyout), property valuation opinions, sale/leaseback transactions, 1031 Tax Free Exchanges, and general commercial real estate consulting. All services are delivered through the company's team of brokers serving the Rhode Island and Southeastern Massachusetts markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Landlord Representation
• Tenant Representation
• Investor Representation
• Sub-Lease Services
• Lease Negotiation Services
• Property Valuation Opinions
• Sale/Leaseback Transactions
• 1031 Tax Free Exchanges
• Commercial Real Estate Consulting

Quantifiable outcome

• Over 450 transactions completed totaling over $215 million in transaction value
• +3 more outcomes

Named customers14 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and notable.

• Bierman Autism CenterscoreGTM or Marketing Partner · 1 June 2022MG Commercial's Leeds Mitchell IV represented Bierman Autism Centers in signing a lease for 9,880 SF at 487-501 Jefferson Blvd. in Warwick, RI - their third location in Rhode Island. The lease was awarded the 2023 CoStar Impact Award for Lease of the Year, recognizing the social impact and team effort required.
• Bento Nouveau Inc. (Bento Sushi)notableGTM or Marketing Partner · 1 January 2022MG Commercial leased 12,634 SF of industrial space at 263 Jenckes Hill Road in Lincoln, RI to Bento Nouveau Inc. (Bento Sushi), a company based in Toronto, Canada and London, UK. The facility sits on 7.5 acres allowing for future expansion.
• Imondi FoodsnotableGTM or Marketing PartnerMG Commercial represented Imondi Foods in leasing 83,500 SF of industrial space at 100 Higginson Ave. in Lincoln, RI. Imondi Foods is relocating from West Warwick with plans for a 23,000 SF cooler/freezer area and additional office space.
• CoStarcoreStrategic or Co-development PartnerMG Commercial is the only firm in the Rhode Island/southeastern Massachusetts market to be recognized by CoStar with Power Broker Awards in every single category, every year. This recognition validates their market position and expertise.
• Clean Water Ventures, Inc.notableGTM or Marketing PartnerMG Commercial sold a 32,000 SF LEED Gold certified industrial/manufacturing facility at 81 Ocean State Drive in Quonset Business Park to Clean Water Ventures, Inc. for $3.4 million.
• SIOR New England ChaptercoreStrategic or Co-development PartnerMG Commercial is actively involved in the Society of Industrial and Office Realtors New England Chapter. George Paskalis served as President, Julie Freshman received the RW Holmes Scholarship, and the firm sponsors chapter events.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: Global commercial real estate services firm with full-service brokerage, capital markets, valuation, and property management capabilities. Operates a large New England/New York Tri-State regional practice that directly competes with MG Commercial for institutional and mid-market mandates in Providence and southeastern Massachusetts.
• JLL (Jones Lang LaSalle): Global commercial real estate services firm offering brokerage, capital markets, property management, and advisory services. Active in the New England market and competing with MG Commercial for office, industrial, and retail mandates in Rhode Island and southeastern Massachusetts.
• Cushman & Wakefield: Global commercial real estate services firm with a Boston-area presence that competes for the same institutional landlord, tenant, and investor mandates as MG Commercial in Rhode Island and southeastern Massachusetts, particularly in office and industrial leasing.
• Newmark Group: Global commercial real estate services firm offering investment sales, leasing, and advisory services. Newmark's New England practice competes with MG Commercial for institutional investment sales and large leasing mandates in the Providence/southeastern Massachusetts corridor.
• Colliers International: Global commercial real estate services firm with a Boston/New England presence offering brokerage, valuation, and project management. Competes with MG Commercial across office, industrial, and retail mandates in the same geographic footprint.
• Avison Young: Global commercial real estate services firm with a New England practice offering brokerage, capital markets, and advisory services. Competes with MG Commercial for mid-market and institutional mandates in Providence and southeastern Massachusetts.

Regional players

• NAI Hayward: New England-based independent commercial real estate brokerage serving Rhode Island and Massachusetts. Closest scale and positioning comparable to MG Commercial as an independent firm with similar landlord/tenant representation, investment sales, and consulting services in the same geographies.
• KeyPoint Partners: New England-based commercial real estate services firm offering brokerage, property management, and consulting across office, industrial, retail, and investment sales. Direct comparable to MG Commercial as a mid-sized regional CRE firm with overlapping service lines and geographic coverage in the greater New England market.
• Boston Realty Advisors: Greater Boston-based commercial real estate brokerage specializing in investment sales, tenant representation, and consulting across office and industrial. Comparable to MG Commercial as an independent New England firm focused on similar client segments and deal types.

Direct peers

• Grossman Capraro: Rhode Island-based commercial real estate firm providing brokerage services across office, industrial, retail, and investment sales. Closest direct peer to MG Commercial given the shared Rhode Island footprint and similar service mix targeting local owners, tenants, and investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MikeGiuttari
• Facebookfacebook.com/MGCommercial
• LinkedInlinkedin.com/company/mg-commercial

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MG Commercial