Gorham Welcomes Rare Development Opportunity

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The Gorham Industrial Park is poised for rapid growth since its purchase in 2020 by the Town of Gorham. Covering an area of approximately 141 acres and well-situated with close access to I-95, the Gorham Industrial Park is expected to attract substantial interest from industrial and creative business owners seeking a stake in Maine’s growing economy.

With potential financing with the Town of Gorham via their Revolving Loan Fund program and a central location in Greater Portland, Mike Anderson, lead broker for the park, expects the lots to sell out within the next couple of years, “The seller is a forward-thinking, progressive municipality, and we’re confident we will find the right mix of businesses to take advantage of this rare development opportunity.”

To read the full article by Catie Joyce Bulay at Mainebiz, click HERE.

Mike Anderson, Malone Commercial Brokers

For additional information about the property or for leasing or sales inquiries, please contact Mike Anderson.

Origin Labs Chooses Farmington Parcel for Factory Expansion

John Doyon of Malone Commercial Brokers brokered the $1.1 M sale of this property that was once a working farm. Two of five parcels were included in the transaction. Origin, an apparel manufacturer, plans to build a manufacturing facility on the land. For the whole story, read the full Mainebiz article HERE.

338 Wilton Rd | Farmington

2 Market Street in Waterfront Portland Sells for $6.1M

MCB’s own Joe Malone and Jennifer Small brokered the sale of this 16,379 SF historic building in the epicenter of the Old Port waterfront area.

Click to read the full article HERE.

Maine Public buys 35 Commercial St. from Essex-North Commercial LLC for $10.76M.

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…