Rendering Courtesy of MaineHealth
MaineHealth has purchased 300 Southborough Drive in South Portland for $20 million, with plans to create a new hub for orthopedic care. The three-story, 122,000± SF Class A office building sits on 19 acres and offers more than 600 parking spaces.
The acquisition is part of a $70 million investment that includes $30 million in renovations to the building and $20 million toward a new 14,000± SF freestanding orthopedic surgery center. Once complete, the site will bring together orthopedic providers and specialty services that are currently spread across Greater Portland, creating a more centralized and collaborative care model.
Joe Malone and Mark Malone of Malone Commercial Brokers represented MaineHealth in the transaction, while Tom Moulton and Katie Breggia of The Dunham Group represented the seller, Metro 300 LLC.
Renovations are expected to begin in the coming years, with construction on the new surgery center anticipated to start by late 2025. MaineHealth projects the hub will improve patient access, expand capacity, and streamline orthopedic services for the region.
Read MaineBiz feature on this transaction HERE.