East Brown Cow acquires Exchange Street real estate portfolio for $13M

Four downtown Portland buildings located on Exchange Street sold to East Brown Cow for $13.45M. The buildings comprise more than 79,000 SF in total and are mixed-use office and retail. “The owner's decision to sell these assets presented an ideal opportunity for the buyer to further develop their portfolio within the sought-after neighborhood of the Old Port while investing in the history and preservation of these three properties,” said Joe Malone. The sale closed on September 19, 2022 and was brokered by Joe Malone of Malone Commercial Brokers, Jim Harnden of Harnden Commercial Brokers and Avison Young.

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