Archives: Transactions

Holds Transactions on the website

445 Center Street

January 31, 2023

Rancourt Associates, LLC purchased a 3,600± SF building from Yarmouth Junction, LLC for $1,250,000. The purchase includes a free-standing retail property tenanted solely by Sherwin Williams. Buyer purchased the building as an investment. The transaction was arranged on behalf of the seller by Chris Paszyc, CCIM, SIOR of The Boulos Company, and on behalf of the buyer by Noah Stebbins … Continue reading 445 Center Street

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24 Stone Street

January 31, 2023

J J & L II, LLC purchased a 32,074± SF property from Compass Augusta Office, LLC for $1,400,000. A portion of the property is occupied by office/medical tenants. The buyer plans to develop apartment units for the vacant portion, which will create a mixed-use development. The transaction was arranged on behalf of the seller by Chris Paszyc, CCIM, SIOR of … Continue reading 24 Stone Street

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310 Cony Road

January 31, 2023

The Maine Arts Academy purchased a 69,615± SF building from Maine Veteran’s Homes for $3,250,000. The building is situated on 8.9± acres nearby the Capital Area Sports Complex and Viles Arboretum. Maine Veterans’ Homes began marketing the property with The Boulos Company in August 2022. Multiple offers and backup offers were received during this time, with the property going under … Continue reading 310 Cony Road

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22 Marin Way (Lindt)

November 29, 2022

Lindt leased 12,000± SF of office space from SIP-Lot 5A, LLC. This space will serve as additional office space for Lindt’s regional headquarters, located nearby at 1 Fine Chocolate Way. Lindt is a Swiss chocolatier and confectionery company that was founded in 1845. It is known for its chocolate truffles and chocolate bars, among other sweets. Lindt is based in … Continue reading 22 Marin Way (Lindt)

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Haigis Parkway District (The Downs)

November 29, 2022

Allagash Brewing Company purchased 7.88± acres of land from Crossroad Holdings, LLC. This Portland-based brewery was looking to expand and plan for the future. The Downs in Scarborough was a great opportunity for Allagash as they continue to grow, providing them a site to build a new tasting room. As Allagash continues to evolve, they plan to uphold their dedication … Continue reading Haigis Parkway District (The Downs)

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16-22 Station Avenue (Brunswick Station)

November 29, 2022

WFF Brunswick Owner, LLC purchased a portfolio of 5 buildings, consisting of 71,583± SF from JHR Development of Maine, LLC for $18,000,000. The properties comprise retail, office, and medical office space, as well as two residential buildings. JHR developed the Brunswick Station complex 13 years ago on what was then a vacant brownfield lot. It has since grown into a … Continue reading 16-22 Station Avenue (Brunswick Station)

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7 Connector Road

October 27, 2022

A/Z Corporation leased 60,000± SF of industrial space from Oliver Street Capital. The leased facility includes clear heights between 18′-24′, eight loading docks, one drive-in, and an excellent location proximate to I-93. The transaction was arranged on behalf of the tenant by Drew Sigfridson, SIOR, and Chris Healey of The Boulos Company, and on behalf of the landlord Alex Berger … Continue reading 7 Connector Road

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33 Allen Range Road

October 27, 2022

Freedom Boat Club of Maine purchased a 10.86± acre parcel with storage and office buildings from Catheryn Ingerson. The rapid growth of the company has led to the need for a dedicated operations facility for boat storage and rigging. Freedom Boat Club of Maine currently has six locations, 360 members, and over 40 boats. Club members can enjoy boating at … Continue reading 33 Allen Range Road

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1 Tourmaline Drive & 10 Almond Avenue

October 27, 2022

The Bluffs, LLC purchased a 63,840± SF multifamily complex from Randall Road Associates, LLC for $10,200,000. The Bluffs, a 65-unit townhouse-style apartment complex, has excellent historical occupancy, long-term tenants, and a waiting list. Each unit consists of two bedrooms and 1.5 bathrooms, with two parking spaces. The sale also featured a 10.51± acre parcel of land, previously approved for 65 … Continue reading 1 Tourmaline Drive & 10 Almond Avenue

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117 Auburn Street

September 28, 2022

Fall Brook, LLC purchased a 10,030± SF mixed-use building at 117 Auburn Street in Portland from Pomeroy Realty, LLC. As part of the transaction, the new owner plans on moving its engineering business, Base Design Group, into the second floor. Base Design Group is a full-service structural engineering consulting firm based in Portland Maine. They provide design, analysis, and evaluation … Continue reading 117 Auburn Street

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947 Sokokis Trail

September 28, 2022

St. Marina, LLC purchased a 9,100± SF retail building at 947 Sokokis Trail in North Waterboro from Norman L. Allen. The listing sold for $1,500,000 in an off-market Dollar General investment sale. The transaction was arranged by Noah Stebbins of The Boulos Company.

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509-537 Forest Avenue

September 28, 2022

DC 509 Forest, LLC, an entity affiliated with Developers Collaborative, has recently closed on an assemblage of properties from 509-537 Forest Avenue in Portland and a parking lot at 41 Ashmont Street from Income Property Management for an undisclosed amount. The transaction was arranged by Drew Sigfridson, SIOR and John Finegan of The Boulos Company.

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