Prominent Portland Office Building Sold in $4.7 Million Off-Market Deal

Portland, Maine (March 2026) – A significant off-market commercial real estate transaction has been completed with the $4.7 million sale of Two City Center, one of downtown Portland’s most recognized and prominent office buildings.

The property was acquired by Nakatomi Plaza, LLC, Aerotyne International LLC, and Maine Exchange Services, LLC, as Qualified Intermediary for Kilner Industries LLC from Two City Center LLC; Gregory W. Boulos of The Boulos Company represented the seller.

The acquisition was driven by the buyer’s view of Two City Center as a prized, strategically located downtown asset. With a tenant scheduled to vacate this spring, the timing created a rare and strategic owner-user opportunity in a highly competitive market where comparable downtown buildings seldom become available—particularly through off-market channels.

This transaction reflects continued confidence in Portland’s downtown commercial core. Well-located, high-quality assets like Two City Center remain in strong demand, and off-market opportunities can create ideal outcomes for both buyers and sellers.

The transaction offers advantages for all parties involved. The seller successfully completed the disposition of a marquee asset, while the buyer secured long-term operational presence in a landmark building. The owner-occupancy component brings sustained investment and activity to the downtown core, while preserving tenancy and stability for existing occupants.

For commercial real estate professionals pursuing similar opportunities, the sale underscores the value of working with experienced brokerage representation. Access to off-market inventory can provide tailored solutions that may not otherwise surface in a traditional listing environment.

The $4.7 million sale marks another notable chapter for one of Portland’s most recognizable downtown properties and reinforces the continued strength of the local commercial real estate market.

For more on this story, check out the MaineBiz article “Boulos Co. sees resilience in the commercial real estate market,” linked here.

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