Rare Class A Opportunity

300 Fore Street in Portland’s Old Port has five floors and a lower level that add up to 55,188 SF of leasable space offered by the floor. Each floor is approximately 10,000 SF. Contact Joe Malone, CCIM, SIOR or Jennifer Small for leasing information and availability at this amazing property.

Read more here about the property’s background and and its design in the Portland Press Herald.

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Southern Maine Retail Forecast at MEREDA

Our own Peter Harrington will be presenting the Southern Maine Retail Forecast at the Maine Real Estate & Development Association’s (MEREDA) Annual Forecast Conference. On January 21, 2021 real estate leaders and economists will unveil economic projections for the industry and for the state. If you’re in the construction, architectural, banking or legal community, check out the agenda.

MEREDA+2021

Predictable Revenue from National Tenant for 1031 Exchange

John Doyon, CCIM of Malone Commercial Brokers represented the buyer in the purchase of this former Rite Aid, now a Walgreens, in Gray, Maine. Horvath & Trembly (Lynnfield, Mass.) represented the seller. The purchase price was $6.6 million. Read more in Laurie Schreiber’s article in Mainebiz.

Built in 2008, the property comprises a 14,673-square-foot retail store with a drive-through on 2.83 acres. It’s located just off Exit 63 on I-95 at the junction of Route 202 in Gray.

Built in 2008, the property comprises a 14,673-square-foot retail store with a drive-through on 2.83 acres. It’s located just off Exit 63 on I-95 at the junction of Route 202 in Gray.

High Demand for Flex Units

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.

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

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