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!