The Institute for Digital Engineering and Life Sciences, a nonprofit set up by the Roux family, purchased the former B&M Baked Beans factory at 1 Beanpot Circle in Portland from B&G Foods. The factory will be redeveloped over the next ten years and replaced with shops, offices, and classrooms for the Roux Institute at Northeastern University. The transaction was arranged … Continue reading 1 Beanpot Circle

In April 2022, J.B. Brown and Sons purchased a fully leased 200,000± SF industrial distribution facility from Penobscot Logistics Solutions in Bangor. This was an off-market investment opportunity uncovered by Drew Sigfridson, SIOR of The Boulos Company through contacts with the Seller. The buyer had a 1031 exchange requirement and was looking to acquire property in different locations throughout Maine. … Continue reading 70 Bennett Street

A.R. Building Company purchased a 29.12± acre parcel of land from Just Because, LLC to develop 128 housing units, which will be a mix of one and two-bedroom apartments in two four-story buildings that will be connected by a clubhouse. The apartment complex will feature a gym, pool, and in-unit laundry facility. Construction will begin this spring with a targeted … Continue reading 0 Mt. Auburn Avenue

Greater Portland Health purchased a 7,197± SF medical building from Firehouse Five, LLC at 295 Park Avenue in Portland for $2,100,000. This new location will be easily accessible for their current clients and will offer them more room for expansion possibilities. Greater Portland Health is a medical practice facility committed to offering everyone in the community high-quality and affordable care. … Continue reading 295 Park Avenue

Olympia Milk Street, LLC purchased a 28,139± SF office building from 5 Milk Street, LLC in an off-market transaction. The buyer plans to utilize a portion of the building as an office location for its business unit, Olympia Equity Investors. The Olympia Companies, originally founded as The Erin Company by Larry Mahaney in 1969, is a real estate organization primarily … Continue reading 5 Milk Street

Midland Capital Partners, an established developer and operator of subsidized housing in Maine, purchased from The Silver Street Group, LLC a 120-unit property for $8,025,000 — one of the largest subsidized multifamily deals in Maine in recent years. Midland is renovating every unit at the complex using a financing package through Maine Housing Authority, which will result in converting some … Continue reading 82 Glenridge Drive

J.B. Brown and Sons purchased 1 & 13 Davis Farm Road in Portland from The Robert C. Davison Revocable Trust of 1998. The three-building portfolio consists of over 135,000± square feet and sold for $8,685,000 in a partially off-market transaction. The buildings on Davis Farm Road were originally constructed on a “build-to-suit” basis for New England Telephone. The telephone company … Continue reading 1 & 13 Davis Farm Road

The RAM Companies, a Maine-based acquisition, development, and management firm, purchased the fully-leased Atlantic Place office complex from 341 Park, LLC for $11,900,000. The building consists of three, one-story buildings on 8.58± acres. Howard A. Goldenfarb, developer and founder of The RAM Companies, has been acquiring historic, yet underutilized properties in the Old Port Exchange district for over four decades. … Continue reading Atlantic Place

The Gulf of Maine Research Institute (GMRI) purchased Portland’s oldest commercial wharf from Proprietors of Union Wharf, Inc. Union Wharf, consisting of 4.3± acres on Commercial Street, contains twelve buildings totaling 61,872± SF and has been owned by the Poole Family for 160 years. The Gulf of Maine Research Institute is a non-profit marine science and research center and stated … Continue reading Union Wharf

The Penobscot Community Health Center purchased a portion of the former MBNA Belfast campus at 21 Schoodic Drive in Belfast, ME, from Stag Industrial Holdings, LLC. The property conveyed included 318,979± SF of buildings located on a 141.2± AC parcel of land located along Route 3. PCHC was originally looking to lease space in the area to support its growing … Continue reading 21 Schoodic Drive

CF Marginal, LLC purchased the retail building on the corner of Franklin Street and Marginal Way in Portland, Maine, from Marginal Way Properties, Inc. The investment group loved the building for its excellent visibility, accessibility, and overall great condition. The deal was arranged on behalf of the seller by Tony McDonald, CCIM, SIOR, and John Finegan of The Boulos Company … Continue reading 211 Marginal Way

The Kingfish Company purchased 94.0± acres of land from W.W. Wood Properties, LLC in Jonesport, Maine. The Kingfish Company is a pioneer and leader in sustainable land-based aquaculture. Upon completion, the facility will serve as Kingfish’s first production facility in the U.S. The purchase follows the approval of two final permits from the State of Maine’s Department of Environmental Protection … Continue reading 9 Dun Garvin Road