The new Mill Brook Business Center in Saco offers industrial flex condominium units across three buildings on a 3.7-acre site within the larger 70-acre Mill Brook Business Park. The units have been marketed by Mike Anderson of Malone Commercial Brokers. Unit sizes range from 1,520 to 3,477 SF, with 17-ft ceilings. Each comes with a bathroom, office, drive-in garage and a basic finish. Read more about Mill Brook Business Center in Laurie Schreiber’s column in Mainebiz.
New Tenants Are Signing Leases
"Activity has been higher than expected or anticipated," Peter Harrington tells WGME CBS13 News' Blair Best. See the entire segment at: https://wgme.com/news/local/some-mainers-see-pandemic-as-opportunity-to-start-new-business
Self-Storage Properties Sales Stay Strong in Maine
Mike Anderson and Brandon Mitchell of Malone Commercial Brokers brokered self-storage property sales in Naples and Arundel. A 122-unit self storage property in Naples sold to an out-of-state investor, Brandon represented the seller. A 99-unit in Arundel sold to a local investor, Mike and Brandon represented the seller. Read more for further details on these and other self-storage sales in Maine
Bay House Commercial Condo Sales
Bay House, a residential/commercial building at 15 Middle Street in Portland’s eastern end saw fist floor commercial condo units purchased by buyers intending to occupy those units. Both units are under 1,000 SF. “With interest rates low, a lot of owners, especially in that square-footage range, can own units cheaper than they can lease them,” said Jennifer Small of Malone Commercial Brokers. Read more about the sales in Mainebiz’s article
Recent Sales
From York County to Mid-Coast Maine areas, these recent sales include land, development, multi-family, office, retail and commercial properties.
Turnkey Business or Mixed Use Development at Pine Point
With a rare TCV-4 zone, 350 Pine Point Rd. can be re-developed for mixed commercial, industrial and residential use. The residential zoning is restricted to unit builds, like condos or apartments. At this ideal spot, the new owner has the chance to make significant impact. Read more in today’s Portland Press Herald
Reinventing the Office For a Post-COVID World
Peter Harrington, Partner and Associate Broker at Malone Commercial Brokers, weighed in with his thoughts in Mainebiz’s July 27th article by Renee Cordes, “Whatever works: reinventing the office for a post-COVID world.” He advises clients to view as many spaces as possible and account for additional space needed if the COVID-19 restrictions continue. Read more in the article here.
UPDATE: Urban Air Comes to Bangor
July 2020
When the space was leased last year, Mark Malone told Mainebiz he was "very excited." Finding retail mall tenants is difficult, but it's even harder to find tenants for space as large as the former mattress warehouse. Read more about the opening here in Bangor Urban Air set to take off in Airport Mall space in this Mainebiz article.
May 14, 2019
An Urban Air Adventure Park will be opening this spring in a 41,000+ SF space at Bangor’s Airport Mall. Local business owners Anthony and Staci Dill were born and raised in Maine and look forward to bringing this opportunity to Bangor. This location will have trampolines, dodgeball courts, Urban Warrior Course, multi-level climbing ropes and twisting tubes and Battle Beam. It will also have an Urban Air Adventure Hub. The focus is on active play for people of all ages and catering to families looking to spend time together. The space will also have a cafe with food and beverages. The Dills also have an Urban Air at 333 Clarks Pond Parkway in South Portland. Mark Malone, CCIM of Malone Commercial Brokers was the listing broker and Andrew Callahan of Venture Realty Partners was the tenant representative for the lease transaction. Also see Mainebiz article, Urban Air Adventure Park brings new interest in Bangor’s Airport Mall.
Strong Tenant Base Was Key
John Doyon, CCIM represented the seller of this 8,674 SF strip center at the Topsham Fair Mall in Topsham, Maine. The center is just off Exit 31 of I-295. Read more about this sale in the Mainebiz article by Laurie Schreiber published July 6, 2020.
Spring Sales & Leases
These recent property sales, business sales and leases are from around the state and include investment, industrial, service, retail, multi unit and office transactions.