Maine Public bought the century-old Galt Block and adjacent parking at 35 Commercial St. in Portland, with the plan to build a new facility on the parking lot and sell the building. Read the full MaineBiz article HERE.
Featured Property: Mallside Plaza
South Portland: Malone Commercial Brokers is pleased to offer for sale Mallside Plaza, a 118,422 SF shopping center located on Maine Mall Road as part of the “Maine Mall Area,” an array of businesses that surround the state’s largest shopping mall. Read article
Mallside Plaza
73-Unit Topsham Residential Complex Sold
Joe Malone, CCIM, SIOR and Jennifer Small brokered the sale of a 73-unit residential complex on 14 acres in Topsham. The property sold for $6.9 million. Read more here.
Restaurant Business Saved
Like so many small businesses across the country, Anthony’s Italian Kitchen in Portland was hit hard due to the pandemic. The owner, Anthony Barrasso, submitted a video to Barstool Sports for its small business fund. See what happened in WMTW’s Channel 8 report and its happy birthday (Anthony’s) outcome.
Located in the same location at 151 Middle Street for many years, Anthony also gave a nod to his landlord: "I think Tim Soley deserves a big shout out here because he has really kept this place alive and he's a wonderful landlord."
Recent Sales
Recent spring sales include office, retail, special purpose, industrial, multi-unit, vacant land, investment and income properties. Take a look.
Recent Leases
Retail, office and studio uses are spotlighted in our most recent Spring leases video. Recent Leases
Unveiling of 2021 MEREDA Index - May 20, 2021
Our own Cheri Bonawitz, CCIM will cover the commercial market in the expert panel discussion of the 2021 MEREDA Index at the Maine Real Estate & Development Association’s Spring Conference (virtual event) on May 20th. As a key economic indicator for Maine, the MEREDA Index measures the pulse of the state’s real estate industry. The MEREDA Index is the leading way our industry tracks changes in Maine’s real estate markets. It’s a composite of nine measures reflecting activity in both new development and existing properties, in commercial and residential markets, as well as construction employment. Read more…
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.
Small Spaces Flying Off the Shelves at Dana Warp Mill
The mix at the mill, including artists, other makers, small manufacturers, office tenants and others gives the mill "a great vibe," Cheri Bonawitz, CCIM of Malone Commercial Brokers said. Read more here
Dana Warp Mill, 90 Bridge St, Westbrook
Greater Portland Retail Forecast at MEREDA
Get all the information and forecasting from Peter Harrington’s Greater Portland Retail Forecast at the Maine Real Estate & Development Association’s (MEREDA) Forecast Conference (virtual) held January 21, 2021. Thank you to O’Maine Studios for their work and to MEREDA putting together this year’s virtual conference and member showcase.
