The Boulos Company is pleased to announce the sale of the 68,705± SF, office building at Boyd Block in Portland. The building was purchased by Fresnel LLC for $11,700,000 from Middle Street Holdings LLC. The buyer is also the owner of the adjacent Canal Plaza and Fore Street Garage. The property consists of 3 buildings, and was purchased as an investment. The New York based seller had owned the property since 2014. Known as the Boyd Block and Four Canal Plaza, the property includes retail and office tenants, including Starbucks, Bangor Savings and Urban Outfitters.
The transaction was arranged by on behalf of the seller by Dan Greenstein, and on behalf of the buyer by Joseph Malone of Malone Commercial Brokers.