82 Hanover LLC purchased the former Portland Public Works building in Portland from the City of Portland. The buyer plans to develop the industrial property into a mixed-use building including retail, office, and light industrial spaces. The project will be a complete historic restoration. The building is the last large undeveloped property in downtown Portland. Once completed in early 2019, it will be a focal point for a neighborhood transformation already in progress. This purchase is also helping Portland Public Works accomplish its goal of moving off Portland’s peninsula and into a more industrial neighborhood.
The transaction was arranged on behalf of the seller by Nate Stevens and on behalf of the buyer by Joe Porta with Porta and Co.