Downtown Biddeford Portfolio Sold for $7.1 Million

Commercial real estate transactions don't always follow a traditional path.

In downtown Biddeford, a portfolio consisting of 180 Main Street, 234 Main Street, 265 Main Street, and 14 Jefferson Street recently sold to Fournier Properties for $7,100,000. The portfolio includes 44,445± square feet of commercial and residential space along with a 31-space parking lot.

Brandon Mitchell of Malone Commercial Brokers represented the transaction, which closed on June 9, 2026.

What makes this sale particularly interesting is how it came together.

Rather than purchasing the properties outright from the beginning, Fournier Properties entered into a lease-to-purchase agreement with 4A Property, LLC. Over time, that arrangement allowed the company to transition from managing the portfolio to ultimately owning it.

A lease-to-purchase agreement is exactly what it sounds like. A buyer leases and operates a property while securing the option to purchase it in the future. It can be an effective solution when both parties are looking for flexibility and a gradual transition of ownership.

In this case, it provided the opportunity for the future owner to gain firsthand knowledge of the buildings, tenants, and day-to-day operations before completing the acquisition. The buildings contain a diverse mix of retail, office, residential, and service-oriented tenants, creating activity throughout the day.

"Downtown Biddeford has changed tremendously over the last decade, and it's been exciting to watch these properties grow alongside the city," said Mitchell. "I think Fournier Properties recognizes the long-term opportunity that comes with owning well-located assets in the center of downtown."

Located within walking distance of restaurants, shops, housing, and community amenities, the properties have remained active and well occupied while preserving the historic character that makes downtown Biddeford, a former mill town, unique.

Creative deal structures can help bridge the gap between buyers and sellers, creating opportunities that may not have been possible through a conventional sale. We’re always happy to walk you through your options!

Casco Bay EyeCare Completes Construction at New Location

Construction is now complete at Casco Bay EyeCare’s new Scarborough location, reflecting the steady growth the practice has experienced in recent years.

Casco Bay EyeCare began in 1998 when a group of Maine optometrists came together with a shared commitment to exceptional vision care and patient service in the Greater Portland area.

After several years at 7 Portland Farms Road, the Scarborough office had reached its capacity. The layout no longer aligned with the practice’s operational goals, prompting a search for a new location that would allow for continued growth while remaining rooted in the community they serve.

Amy McQuarrie, Practice Administrator of Casco Bay EyeCare, led the transition on behalf of the practice, working closely with all parties to ensure the new space would support both patient experience and long-term operational goals.

Andrew Ingalls of Malone Commercial Brokers represented Casco Bay EyeCare in the transaction. Having partnered with the group on multiple locations throughout the region, Andrew brought both long-term market insight and a deep understanding of their operational needs. “Casco Bay EyeCare has been intentional about each phase of their growth,” said Andrew. “Our role was to find a property that not only solves today’s space challenges but also positions them well for the future. It’s been rewarding to work alongside a team so focused on delivering an exceptional patient experience."

Casco Bay Eyecare worked collaboratively with the building owner, Oak Hill Holdings LLC, and the leadership team at Alpha Management throughout the process to support the extensive buildout and Casco Bay’s plans for long term tenancy.

The new office is designed to be bright, open, and welcoming. A large portion of the building features floor to ceiling windows, bringing in natural light and drawing attention to the optical retail area and frame collections. The design was led by Callender + Delaney Architects, with construction managed by DeStefano & Associates. The project was completed in early May.

For the Casco Bay EyeCare team, the new space represents more than additional square footage. As they shared:

“We feel incredibly excited and proud of what this new space represents for Casco Bay EyeCare. It reflects our commitment to growth and to delivering the best possible experience for our patients. This move allows us to care for our community in a more thoughtful, comfortable, and efficient way while staying true to who we are,” said Ms. McQuarrie.

At Malone Commercial Brokers, supporting established Maine businesses as they plan for what’s next is part of the mission. When a company outgrows its space, it signals momentum and vision. Securing the right environment to continue that growth sets the stage for continued success.

Northern Light Mercy Hospital Expands at Rock Row Health Campus in Westbrook

Rock Row Health Campus

Rock Row continues to grow as a healthcare destination in southern Maine, with Northern Light Mercy Hospital planning an expansion at the Rock Row Health Campus in Westbrook.

The hospital has leased approximately 10,408± square feet on the second floor, where it will bring together primary care and cardiology services in one location. The space will also include on-site echocardiography and cardiac stress testing, making it easier for patients to access multiple services without traveling between providers.

“Our goal is to make care more accessible and better connected for the people we serve,” said Marie Vienneau, President of Northern Light Mercy Hospital. “For many patients, especially those managing heart conditions, care doesn’t happen in just one place. Bringing primary care and cardiology services together at Rock Row means fewer trips, better coordination, and care that fits more easily into people’s lives.”

Located just off I-95 with access from two exits, Rock Row continues to attract healthcare providers serving Greater Portland and the surrounding area.

“Welcoming Northern Light Mercy Hospital to Rock Row strengthens the synergy of our health campus and advances our vision of a more connected, patient-centered care environment,” said Josh Levy, Principal of Waterstone Properties Group.

The new location is expected to open in 2027.

Mark Malone and Jennifer Small of Malone Commercial Brokers facilitated the transaction.

Read more HERE!

The Next Chapter for a Rockport Landmark: 680 Commercial Street Begins a New Era

Along Route One in Rockport, Maine, the Downeast Building at 680 Commercial Street has long been an iconic feature in the Midcoast landscape. With its historic architecture and prominent location, the property has been part of the community for generations. Now, the landmark is beginning a new chapter.

Midcoast Habitat for Humanity has purchased the 24,779± SF mixed-use property from Sally Fernald and the Estate of H. Allen Fernald for $1,450,000. The transaction closed on March 31, 2026. Cheri Bonawitz, Karen Rich, and Joe Malone of Malone Commercial Brokers represented the seller, and Scott Horty of Camden Real Estate Company represented the buyer.

Originally constructed around 1900, the property reflects the historic character that defines much of the Midcoast region. Over time, the site evolved into a multi-building campus that includes a 15,387± SF office and retail building, a 6,800± SF warehouse, and a 2,592± SF building on 6.88± acres. Its visibility along Route One and ample parking have made it a functional and well-known property within the Rockport community.

“This property offered a unique opportunity for an organization like Midcoast Habitat for Humanity,” said Cheri Bonawitz of Malone Commercial Brokers. “Its size, visibility along Route One, and flexible mix of spaces make it well suited to support their expanding operations and long-term mission.”

The organization plans to relocate its offices to the property while expanding its ReStore operations, a key fundraising initiative that helps support Habitat’s mission of building safe, permanently affordable homes throughout the Midcoast region.

“This is a tremendous opportunity for our organization and an integral part of our plan to increase our impact, growing with the needs of our community,” Tia Anderson, Executive Director of Midcoast Habitat for Humanity said in a news release. “We are happy to preserve this local landmark as a space dedicated to connection, collaboration, and community impact.”

The new facility will allow Midcoast Habitat to expand its retail space for the ReStore, increase its capacity for donations, and provide additional room for staff, volunteers, and operations. The organization also envisions the building becoming a hub for collaboration among local nonprofits and service providers.

“In a rural region like ours, organizations are often spread out and not always connected,” Anderson said. “By bringing partners together under one roof, we can strengthen communication, reduce duplication of services, and better support the people we collectively serve.”

With its long-standing presence in the community and a renewed purpose ahead, the Downeast Building will remain a meaningful part of Rockport’s landscape for years to come.

Malone Commercial Brokers Closes Sherwin-Williams Lease in South Portland

We love days when we get to share good news, and this is definitely one of them. Malone Commercial Brokers’ Karen Rich recently brokered a major lease at 2325 Broadway in South Portland. The new tenant is The Sherwin-Williams Co.

Sherwin-Williams has signed on for 13,100± square feet of warehouse and office space at 2325 Broadway, a well-appointed commercial building owned by 2325 Broadway, LLC. The property is located just off I-295, minutes from the Maine Mall and Portland International Jetport, and offers the kind of flexible, functional space that a company like Sherwin-Williams needs to operate efficiently.

Warehouse clearance of over 15 feet, a drive-through overhead door, ample parking, and strong visibility with both pylon and building signage. It’s definitely a solid fit.

“We are proud to have assisted this transaction and to welcome Sherwin-Williams to 2325 Broadway,” said Karen Rich, broker at Malone Commercial Brokers. “This is an excellent location for a company of Sherwin-Williams’ caliber, and we look forward to seeing them thrive in this space.”

Transactions like this one are a sign of a healthy, active commercial real estate market in Greater Portland. South Portland continues to attract high-quality tenants, and properties like 2325 Broadway which are well-located, well-built, and versatile are at the heart of that activity.

For property owners, it’s a reminder of what strategic, relationship-driven brokerage can accomplish. For tenants, it’s a testament to the quality of space available right here in Maine. Malone Commercial Brokers is always here to help. We know this market inside and out, and we’re proud to put that knowledge to work for our clients every day

Lenny's at Hawkes Plaza Gets a Second Act in Westbrook

If you've ever caught a live set or shared a round at Lenny's at Hawkes Plaza in Westbrook, you know it's the kind of place that feels like it's been there forever, even though Bill Umbel only opened it in 2016. That's a testament to what he built: a genuine neighborhood bar, restaurant, and live music venue that quickly became a community anchor.

We're glad to have played a role in keeping it going.

Cheri Bonawitz and Joe Malone of Malone Commercial Brokers represented the Seller in the sale of 10 & 16 Hardy Road, a 6,189± SF retail building that has been home to Lenny's since its opening. Ed Dickhaut of Landmark Realty represented the Buyers — new co-owners Jill Murphy Piker and Adam Steinman, who purchased the real estate in a transaction that closed February 27, 2026. Piker, Steinman, and third co-owner Susan Ericson also acquired the business itself.

After about two months of transition, Lenny's relaunched on March 11 under its new ownership team. Ericson, the executive chef, is keeping the pub-style menu that regulars have come to love. Piker, who previously worked as a wellness instructor at UNE and as a school counselor, is embracing the role of innkeeper-of-sorts for a space that's meant to bring people together. The music will continue, with a few new flavors.

"We're pretty much following what Bill was doing before he transitioned ownership," Piker said to Portland Press Herald. "It's been a really friendly, happy transition."

Lenny's at Hawkes Plaza is open Wednesday through Saturday, 4–10 p.m. Stop in and welcome them.

Malone Commercial Brokers Honored with Two CoStar Impact Awards

1 Portland Square

Photo Courtesy of CoStar

300 Southborough Drive

Photo Courtesy of CoStar

We are excited to share that Malone Commercial Brokers has been honored with not one, but two CoStar Impact Awards, which recognizes the most significant commercial real estate transactions in Greater Portland, Maine. Our team received the Lease of the Year and Sale/Acquisition of the Year awards for two transactions that each, in their own way, are shaping the future of our region.

Lease of the Year: R.M. Davis Moves Offices in Downtown Portland, Maine to Support Growing Team

Jenn Small of MCB represented R.M. Davis in the lease of 30,184± square feet at One Portland Square, one of the city’s premier Class A office buildings. The lease, which grew from an original 24,185± SF signed in April 2025 to include an additional 5,999± SF by January 2026, is among the largest office transactions in downtown Portland last year.

R.M. Davis is investing in a beautifully renovated, long-term workspace that puts its people and clients first, proving that the office market remains strong, despite post-COVID remote opportunities. The company plans to relocate from 24 City Center to One Portland Square in the Fall of 2026 after a comprehensive build-out designed to support collaboration, operational efficiency, and the future of professional work. The transaction delivers real net absorption in a competitive market and reinforces downtown Portland’s role as the region’s hub for professional services.

Jenn’s deep knowledge of R.M. Davis’s long-term strategy, and her ability to identify and negotiate a space that truly fits their needs, is exactly the kind of work we are most proud of. Congratulations to Jenn and R.M. Davis on this well-deserved recognition!

Sale/Acquisition of the Year: MaineHealth’s Transformative South Portland, Maine Acquisition

On July 1, 2025, MaineHealth acquired 300 Southborough Drive in South Portland, Maine, which is a 122,042± square-foot Class A office building on 19 acres, for $20,000,000. Mark Malone and Joe Malone represented MaineHealth in this landmark transaction, working alongside Tom Moulton and Katie Breggia of The Dunham Group, who represented the seller, Metro 300, LLC.

MaineHealth is investing $70 million total into the property to create a consolidated orthopedic hub for southern Maine. The hub will bring together specialty clinics, imaging, physical therapy, and a brand-new 14,000 SF freestanding orthopedic surgery center. Prior to this acquisition, MaineHealth’s orthopedic services were scattered across multiple sites, creating challenges for both patients and providers. 300 Southborough Drive gives them the space and infrastructure to bring it all together.

Beyond the clinical impact, this transaction is a great example of how repurposing large office assets can benefit an entire community, creating jobs, activating a major suburban site, and addressing real healthcare access needs. We are incredibly proud of Mark and Joe for the role they played in making this happen.

Thank You to Our Clients and Partners

These awards belong as much to our clients as they do to us. R.M. Davis and MaineHealth both had the vision and courage to make bold, long-term commitments, and it was our privilege to help bring those visions to life. We are also grateful to our co-brokerage partners for their professionalism and collaboration throughout both transactions.

The CoStar Impact Awards recognize exemplary commercial real estate transactions with significant influence in markets across 128 international markets. To be honored twice is a reflection of the incredible work happening here in Maine, and of the talented team at MCB who makes it possible.

Congratulations to Jenn Small, Mark Malone, and Joe Malone on this outstanding recognition. We are so proud of you!

R.M. Davis Plans Relocation to One Portland Square in Downtown Portland

1 Portland Square

“Jenn’s expert guidance, patience, and professionalism played a crucial role in helping us find a new space that suited our needs.”

— Scot Draeger, Principal and President of R.M. Davis

R.M. Davis has leased 30,184± square feet of office space at One Portland Square in downtown Portland. The lease transaction, which was initially 24,185± SF closed in April 2025, and the company plans to relocate from its current office at 24 City Center in Fall 2026 following a full renovation of the space. Recently, R.M. Davis leased 5,999± SF of space in addition to the original square footage, which closed on January 23rd, 2026.

The move reflects a reassessment of R.M. Davis’s office needs as the firm plans for continued growth. One Portland Square offers the scale, functionality, and central location required to support the company’s operations and long-term objectives. The new office space is being redesigned to better align with how the team works today.

“We gave careful thought to moving after being in the same building since 1980 and did not make the decision lightly. Jenn’s expert guidance, patience, and professionalism played a crucial role in helping us find a new space that suited our needs,” said Scot Draeger, Principal and President of R.M. Davis.

“R.M. Davis approached this process with a clear understanding of where they want to be long term,” said Jennifer Small, CCIM of Malone Commercial Brokers. “Our role was to evaluate the downtown market carefully, compare efficiencies across availabilities, and negotiate terms that made sense both financially and operationally. “

Jennifer Small represented R.M. Davis in the lease. Her long-standing relationship with the firm and understanding of its operational priorities helped guide the site selection and negotiation process. The landlord, North River IV LLC, was represented by Drew Sigfridson and Brice O’Connor of The Boulos Company.

Downtown Portland office space, particularly as companies continue to refine their post-pandemic workplace strategies, remains attractive to established firms seeking efficient, well-positioned space. R.M. Davis’s planned relocation reinforces ongoing demand for quality downtown offices designed to support modern workplace needs.

Historic Augusta Office Building Transfers To New Owners

One Weston Court, the historic Augusta landmark that once housed Vickery & Hill Publishing beginning in 1879, has changed ownership once again. The 43,637± SF office building is located downtown across from the courthouse complex, and has easy access to the State government campus as well. Many renovations and upgrades had been done since it was last purchased in 2019, and the building is used as offices for both public and private sector tenants across three floors.

Sold to Weston Leasing, LLC by Griffle, LLC dba Vickery Hill, LLC for $1,800,000. Mark Malone and Nick Malone of Malone Commercial Brokers (representing the Seller) and Alex Pirleci of Keller Williams Commercial (representing the Buyer) brokered the transaction, which closed December 19, 2025.

New Retailer Steps Into Iconic Kennebunkport Location

30 Ocean Avenue, Kennebunkport, a landmark retail property with a residential apartment on the second floor, was recently sold. Formerly home to Carla’s Closet, a women’s boutique in business since 1974, the 1,980± SF building’s outstanding location is getting a second act. Frances Elle, a luxury resale boutique, had a soft launch this past November, and plans for a Grand Opening in May, 2026. Karen Rich of Malone Commercial Brokers represented the sellers, and Heidi Maynard of Pack Maynard Real Estate represented the buyers in the transaction, which closed October 24, 2025.