The shore side property includes a 3,250-square-foot retail building that dates to about 1909. Karen Rich and Cheri Bonawitz, CCIM of Malone Commercial Brokers brokered the deal. The store will offer breakfast, lunch, ice cream, penny candy and live lobster. The site will continue to sell gasoline. The store has been renamed Byers & Sons Long Island Bakehouse. Read more about this transaction here in Mainebiz
Augusta Multi Unit Portfolio Closes
Brandon Mitchell of Malone Commercial Brokers represented the buyer in the sale of a 44-building multi unit portfolio plus 5 vacant parcels all located in Augusta. Read about this significant transaction and how it closed.
Historic Arts District Gem
The H.H. Hay Building, a “flatiron” building, dating back to 1826, recently sold. Mark Malone, CCIM represented the buyer and Cheri Bonawitz, CCIM and Karen Rich represented the seller in the sale of the H.H. Hay Building at 594 Congress Street in Portland. They were all recently interviewed by Laurie Schreiber of Mainebiz about the sale. Read the April 27, 2020 Mainebiz article
Dana Warp Mill was filling up fast, and is expected to continue post-coronavirus
Cheri Bonawitz, CCIM and Karen Rich of Malone Commercial Brokers are the brokers for Dana Warp Mill in Westbrook. Mainebiz recently interviewed Cheri on the leasing activity since the mill was purchased by Chinburg Properties in December 2018. Read the April 8, 2020 Mainebiz article by Maureen Milliken here.
Recent Closings & Leases
Multi-unit sales in Portland and Biddeford, retail property sale in Newport, suburban office leased in So,. Portland and office leases in Portland and Freeport.
Navigating Financial Resources
We’ve put together this newsletter regarding the financial stimulus package to help you navigate resources available to you. Read it here
Cape Elizabeth's Micro Lumber Yard
Brandon Mitchell of Malone Commercial Brokers represented the buyer of the former Cumberland Farms building located at the intersection of Route 77 and Shore Road. Cumberland Farms had relocated to the opposite side of the road several years ago.
“This is like a micro lumber yard, the best part is that the wood we’ll be selling will be based on the chain-of-custody model, things like where it was grown, worker conditions, transportation costs and carbon footprint. It’s simple but it’s overlooked.” - Lumbery owner, Michael Friedland, as told to Mainebiz in a February 24, 2020 article by Laurie Schreiber.
Historic Kingfield Property Closes
John Doyon, Partner & Broker at Malone Commercial Broker recently brokered the sale of the historic Herbert Grand Hotel in Kingfield, Maine. The property, completed in 1918, has rich a history. Read more in this issue of Sector Story!
Also check out Mainebiz article of March 9, 2020.
Joe Malone Earns SIOR Designation
Joe Malone recently earned the SIOR real estate designation. The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® is the leading global professional office and industrial real estate association. With more than 3,400 members in 686 cities and 36 countries, SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.
Molly McGuire Joins Malone Commercial Brokers
We are pleased to announce that Molly McGuire has joined Malone Commercial Brokers as Designated Broker/Operations Manager. Molly brings 16 years of professional real estate experience and has been highly recognized throughout her successful career in the industry. Previously, Molly worked in several sales capacities including B2B sales and the hospitality sector. Molly lives in Scarborough where she raised her family and is also very active in her community through many organizations.
