1006 Forest Avenue, LLC purchased an office building in Portland from BJB Realty. The buyer purchased the building as an investment and will continue operating it as such. The transaction was arranged on behalf of the seller by Tony McDonald, CCIM, SIOR and Jon Rizzo and on behalf of the buyer by John Doyon with Malone Commercial Brokers.

12 North Wentworth Avenue is a 70,180 ± SF industrial building on 10.34 acres. The building features 4,600 ± SF of office that includes a combination of walled offices and open area, reception, conference rooms and breakroom. The warehouse area has 24′ x 24′ column spacing, a clear height of 24′, 12 loading docks, one 12′ x 14′ drive-in, and … Continue reading North River Londonderry, LLC

Nichols Portland leased office/industrial space in South Portland from landlord Maine Medical Center. The tenant, the first company to manufacture geroters and geroter pumps, is outgrowing its space at 2400 Congress Street and will be moving some of its operations to 39 Wallace Avenue. The transaction was arranged by Drew Sigfridson, SIOR, Jessica Estes, and Tony McDonald, CCIM, SIOR.

Ventians, Inc. purchased Machester Place, a Class A office building, from Peary Group LLC. The buyer purchased the building as an investment and plans to further develop the large 60+ acre lot with new construction buildings. Peary Group LLC, the former owner-occupier of Manchester Place with businesses Northern New England Sport and Spine and Northern New England Diagnostics, sold and … Continue reading Venetians, Inc.

The Bryant Property Portfolio consisted of 58 units in five buildings across five parcels. The portfolio was at 100% occupancy at the time of the sale and has maintained a 100% occupancy rate since 2012. Other features of the units included on-site parking for tenants, solar powered, energy efficient heating systems and efficient property management team. The new owners purchased … Continue reading Torrington Properties, Inc.

Chinburg Properties purchased the Dana Warp Mill in Westbrook from DWM LLC. The buyer, a developer that specializes in renovating historic mill buildings in New Hampshire, plans to continue operating the building as an investment. This purchase will expand the buyer’s portfolio into Maine. The transaction was arranged by Nate Stevens and Jon Rizzo.

Port Property Management purchased an industrial building in Portland from the City of Portland. The buyer currently plans to completely redevelop the building into small retail and flex spaces. This will add to the overall redevelopment Portland’s West Bayside area is currently experiencing. The transaction was arranged on behalf of the seller by Nate Stevens and on behalf of the … Continue reading Port Property Management

15 Batchelder Road is an 11,583 ± SF facility offering 8,667 ± SF of manufacturing/warehouse space and 2,916 ± SF of office space on two levels. At the time of sale features included 5 – 6 individual offices, HVAC throughout building, a kitchen area/break room and 3-phase power.  This great location is less than ½ mile off I-95 and benefits … Continue reading Rigz Enterprises, LLC

Timeless Treasures purchased an office building in Augusta from seller NAMI-Maine. The buyer plans to convert the building into a full service coin shop that carries jewelry, firearms and accessories. The transaction was arranged on behalf of the seller by Nick Lucas and on behalf of the buyer by Jean Kirkpatrick of Coldwell Banker Rizzo Mattson, Realtors.

When JHR Development decided to sell their medical office buildings in Bath and Brunswick, they called Drew Sigfridson, SIOR of CBRE | The Boulos Company; JHR had decided it was time to sell these assets and redeploy the capital into other new development construction projects in southern Maine. JHR has a history of developing high-quality buildings throughout Maine and the … Continue reading MMAC Acquisition Corporation

Ace Hardware Corporation leased office space in South Portland from landlord Roberts Road Associates. Ace Hardware has over 5,000 stores around the world with the majority of those stores independently owned and operated by local entrepreneurs. Ace stores offer a wide variety of paint, lawn and garden, tools, local niche services and virtually anything ever needed to fix, repair and … Continue reading Ace Hardware Corporation

NAMI purchased an office building in Hallowell from Capital Area Properties LLC. The buyer is Maine’s and the nation’s largest grassroots support, education and advocacy organization committed to the issue of mental illness. It purchased the building out of need for larger office space and will be renovating to suit its needs. NAMI will be open for business November 2018. … Continue reading Nami