The Boulos Company is pleased to announce the sale of the 55,170± SF industrial building at 238-242 Riverside Street in Portland. The building was purchased by Johnstone Supply for $5,400,000 from Davison/Bisson LLC. The buyer is relocating their operations from the Colonel Westbrook Industrial Park. This building will double their existing footprint from 15,000 to 30,000 square feet. Wallboard Supply is a tenant in the front building and will continue operating.
The transaction was arranged on behalf of the buyer by Derek Miller and Joseph Italiaander, and on behalf of the seller by Jenn Small and Joe Malone of Malone Commercial Brokers.