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

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

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.

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

WHN Holdings, LLC purchased a 5,510± SF mixed-use building from Doe & Co. Properties, LLC for $835,000. The buyer will occupy the first floor for retail use and rent out the second-floor office space. The transaction was arranged on behalf of the buyer by Noah Stebbins of The Boulos Company, and on behalf of the seller by Sam LeGeyt of … Continue reading 945 Forest Avenue

45 Commerce Drive Leasing, LLC has announced the successful closing of the Central Maine Commerce Center (CMCC) in Augusta. The 317,400± SF complex, located at 45 Commerce Center Drive, is situated on 40.59± acres. The property was purchased for $18.5 million from Central Maine Commerce Center, L.P. on February 10, 2023. The building is home to a variety of tenants … Continue reading 45 Commerce Center Drive

912 Roosevelt Trail, LLC purchased a 13,728± SF multifamily complex from Windham Meadows, LLC for $1.875 million. The property is a two building townhouse style apartment complex with twelve (12) units. Buyer purchased the property off-market for investment purposes. The transaction was arranged by Noah Stebbins of The Boulos Company.

Orion Ropeworks, LLC purchased a 14,020± SF industrial building from Estate of Elwyn E. Davis. The transaction was arranged by Jon Rizzo, SIOR of The Boulos Company, and David Skinner of Stubblebine.

Rancourt Associates, LLC purchased a 3,600± SF building from Yarmouth Junction, LLC for $1,250,000. The purchase includes a free-standing retail property tenanted solely by Sherwin Williams. Buyer purchased the building as an investment. The transaction was arranged on behalf of the seller by Chris Paszyc, CCIM, SIOR of The Boulos Company, and on behalf of the buyer by Noah Stebbins … Continue reading 445 Center Street

J J & L II, LLC purchased a 32,074± SF property from Compass Augusta Office, LLC for $1,400,000. A portion of the property is occupied by office/medical tenants. The buyer plans to develop apartment units for the vacant portion, which will create a mixed-use development. The transaction was arranged on behalf of the seller by Chris Paszyc, CCIM, SIOR of … Continue reading 24 Stone Street

The Maine Arts Academy purchased a 69,615± SF building from Maine Veteran’s Homes for $3,250,000. The building is situated on 8.9± acres nearby the Capital Area Sports Complex and Viles Arboretum. Maine Veterans’ Homes began marketing the property with The Boulos Company in August 2022. Multiple offers and backup offers were received during this time, with the property going under … Continue reading 310 Cony Road

Lindt leased 12,000± SF of office space from SIP-Lot 5A, LLC. This space will serve as additional office space for Lindt’s regional headquarters, located nearby at 1 Fine Chocolate Way. Lindt is a Swiss chocolatier and confectionery company that was founded in 1845. It is known for its chocolate truffles and chocolate bars, among other sweets. Lindt is based in … Continue reading 22 Marin Way (Lindt)