Archives: Transactions

Holds Transactions on the website

233 S. Broadway, Salem, NH

September 27, 2023

Joy Real Estate of Salem, LLC purchased a 3,071± SF retail building at 233 S. Broadway in Salem, NH from Leemitt’s Petroleum, Inc. for $1,700,000. The acquisition nicely fulfilled a 1031 requirement from the sale of another property for the investor. The current tenant, Mattress Firm, has lease term remaining, and the prime location in a strong retail area makes … Continue reading 233 S. Broadway, Salem, NH

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110 Gray Road, Falmouth, ME

July 25, 2023

110 Gray Road Realty, LLC purchased an 8,560± SF industrial building from ATRH Falmouth, LLC for $2,105,000. The transaction was arranged on behalf of the seller by Claire Richardson and John Finegan of The Boulos Company.

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13 Triangle Drive, Hampden, ME

July 25, 2023

Bryson & Fern, LLC purchased a 12,320± SF 18-unit multi-family property at 13 Triangle Drive in Hampden from Triangle Properties for $2,285,000. This residential community is in an upscale, private location in a rural setting yet close to everything. Just off the County Road in Hampden, it is within close proximity to Bangor city limits which affords residents close access … Continue reading 13 Triangle Drive, Hampden, ME

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275 Bath Road, 104 Pleasant Street, & 106-112 Pleasant Street, Brunswick

July 25, 2023

Brunswick Town Holdings, LLC purchased a three-building retail/office portfolio totaling 25,181± SF from R.E. Management, Inc. for $5,250,000. The buyer is an out-of-state investor with ties to Maine, and the portfolio, which features a mix of national retailers, medical office users, and professional office users, hit all of his investment goals. The recent new development is making the Brunswick area … Continue reading 275 Bath Road, 104 Pleasant Street, & 106-112 Pleasant Street, Brunswick

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317 US Route One, York

June 28, 2023

Saint Thomas, LLC purchased a 10,717± SF retail building at 317 US Route One in York from MCG Warren, LLC for $3,825,000. Built in 2022, the property consists of two newly-constructed, freestanding retail buildings totaling 10,717± SF, leased to O’Reilly Auto Parts and Sherwin Williams. The buyer has been seeking to acquire triple-net leased retail investment properties with long-term leases … Continue reading 317 US Route One, York

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253 Calef Highway, Epping, NH

June 28, 2023

Calef REI, LLC & One603, LLC purchased a 7,314± SF multi-tenant investment property from WPM Properties, LLC for $1,183,000. Tenants include McKinnon’s Service Station, Romeo Powersports, and Coastal Mechanical. The Buyer intends to continue to use the property as an investment with potential plans for expansion down the line. The transaction was arranged on behalf of the seller by Katherine … Continue reading 253 Calef Highway, Epping, NH

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62 Congress Street, Portsmouth, NH

June 28, 2023

Colaco, LLC purchased a 3,982± SF retail investment condo from Legacy Partners III, LLC for $1,100,000. The unit is leased to FatFace, a popular clothing retailer that is devoted to style and dedicated to sustainability. Founded in 1988, FatFace is known for its carefully crafted clothing in an effort to make the most sustainable choices for its product, planet, and … Continue reading 62 Congress Street, Portsmouth, NH

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424 Payne Road, Scarborough, ME

June 1, 2023

Dirigo Federal Credit Union purchased a 6,418± SF retail building from Joy Real Estate of Scarborough, LLC for $2,400,000. This deal will re-develop the 4th corner of the Payne/Gorham Road intersection, joining Sam’s Club, Hannaford & Cumberland Farms. The credit union’s presence can contribute to the overall convenience and accessibility of the area, attracting more residents and businesses to the … Continue reading 424 Payne Road, Scarborough, ME

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165 Deer Street, Lot 3, Portsmouth, NH

June 1, 2023

Baywood Hotels, a leading hotel management and development company, has purchased 165 Deer Street, Lot 3 from Foundry Place Hotel, LLC for $4,250,000. The property is ideally situated in the heart of downtown Portsmouth off Maplewood Avenue adjacent to the Foundry Place Garage. Baywood plans to construct a new five-story Hyatt Place hotel on the property, boasting 117± modern rooms, … Continue reading 165 Deer Street, Lot 3, Portsmouth, NH

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95-97 Darling Avenue, South Portland, ME

June 1, 2023

Fork Food Hub purchased a 42,000± SF commercial facility from My Darling, LLC for $5,900,000. Fork Food Lab has been looking for two years for a larger building to accommodate its current 55 members and a large portion of the 100 food companies currently on a waiting list. Founded in 2016, Fork Food Lab is a nonprofit food business incubator … Continue reading 95-97 Darling Avenue, South Portland, ME

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93-95 High Street

March 29, 2023

Safford House, LLC purchased an 11,634± SF office building from Greater Portland Landmarks. The tenant is an integrated architecture, construction, and millwork firm delivering thoughtful and enduring residential and commercial projects throughout New England. The transaction was arranged by Jessica Estes of The Boulos Company.

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2211 Congress Street

March 29, 2023

Sappi North America, Inc. leased 37,537± SF of Class A office space from UNUM. The company will relocate from John Roberts Road in South Portland, joining building owner Unum Group and tenants BerryDunn and Stantec. Sappi is a leading global provider of pulp, paper, and packaging materials made from wood fiber-based renewable resources. The transaction was arranged on behalf of … Continue reading 2211 Congress Street

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