An investment portfolio of four commercial buildings and a 45-car parking lot in downtown Freeport sold to local investors for its value-add opportunity.
The buildings — at 6 Mill, 24 Bow, 42 Main and 76 Main streets — total 48,886 square feet and include retail tenants Orvis, Polo Ralph Lauren, FjallRaven, Estee Lauder and the Loft. The parking lot is at 32 West St.
“We saw tremendous potential here for the right buyer who could see the strong bones Freeport Village already has and to grow that into the new vision currently taking hold there, and we think we found the perfect buyer at the right time and are excited to see how the new owners will contribute to the Freeport community,” said Mark Malone of Malone Commercial Brokers, who represented the seller.