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Maine

Cardente Real Estate Negotiates $1.9M Sale of Mixed-Use Property in Bangor, Maine

BANGOR, MAINE — Cardente Real Estate has arranged the sale of a mixed-use property and adjacent parking garage located at 105 Main St. in Bangor. Brick & Mortar Holding Group sold the asset to an undisclosed buyer for $1.9 million. The property features a total of 25 retail and apartment units. Mike Cobb of Cardente Real Estate represented the seller and buyer in the deal.

December 4, 2017

Charterhouse Development Buys 11,180 SF Retail Property in Saco, Maine

SACO, MAINE — An entity operated by Charterhouse Development Corp. has acquired a retail property located at 461 Maine St. in Saco. Spirit RA Saco ME LLC sold the property for $3 million. Rite Aid occupies the 11,180-square-foot retail property. John Gendron of Gendron Commercial Brokers negotiated the acquisition.

December 1, 2017

Cardente Real Estate Brokers $2.1M Sale of Office Building in Saco, Maine

SACO, MAINE — Cardente Real Estate has arranged the sale of an office building located at 42 Industrial Park Road in Saco. Ohio Mutual Insurance Co. sold the property to 42 IPR LLC for $2.1 million. The building features 13,874 square feet of Class A office space. Greg Perry of Cardente Real Estate represented the seller, while Andrew Ingalls of Malone Commercial Brokers represented the buyer in the deal.

November 22, 2017

HFF Negotiates Sales of 179-Suite Residence Inn in Portland, Maine

PORTLAND, MAINE — HFF has brokered the sale of Residence Inn Portland Downtown/Waterfront hotel, located at 145 Fore St. in downtown Portland. Norwich Partners sold the 179-suite property for an undisclosed price. Completed in 2009, the five-story property features suites fully equipped kitchens, the Shipyard Lounge, 1,235 square feet of event space, an outdoor courtyard, a business center, a fitness center, an indoor pool and complimentary hot breakfast. Denny Meikleham, Alan Suzuki and..

October 24, 2017

Cardente Real Estate Negotiates Sale of Warehouse Building in Auburn, Maine

AUBURN, MAINE — Cardente Real Estate has arranged the sale of a warehouse building located at 279 Washington St. South in Auburn. Maurice Eastman and Lauren Eastman sold the 5,500-square-foot property to an undisclosed buyer. Cheri Bonawitz of Cardente Real Estate represented the seller, while Greg Perry, also of Cardente Real Estate, represented the buyer in the transaction.

October 24, 2017

Presidium Group, Helios Purchase 407-Unit Multifamily Portfolio in Mid-Coast Maine

BRUNSWICK AND TOPSHAM, MAINE — A joint venture between Presidium Group and Portland, Maine-based Helios has acquired a 407-unit multifamily portfolio in the Mid-Coast area of Maine for an undisclosed price. The portfolio includes five assets located adjacent to the former Brunswick Naval Air Base in Brunswick and a sixth property located in the neighboring town of Topsham. The portfolio consists of a combination of townhouses, garden-style apartments, single-family homes and land for future..

August 14, 2017

LincolnHealth Breaks Ground for $13.7M Medical Office Building in Damariscotta, Maine

DAMARISCOTTA, MAINE — LincolnHealth has broken ground for the construction of a $13.7 million medical office building at the Damariscotta campus. Designed by E4H Environments, an architecture firm focused on the healthcare industry, the 39,800-square-foot facility will house primary, specialty and behavioral care services that are current spread across four buildings. The building will feature two practice floors and universal exam rooms for primary and specialty care; a community room for..

August 2, 2017

HFF Arranges Sale, Secures Acquisition Financing for Mallside Plaza in Maine

South Portland, Maine — HFF has arranged the $16.5 million sale of Mallside Plaza, a 98,948-square-foot shopping center located in South Portland, Maine. The company also secured $12.6 million in acquisition financing for the deal. Tenants at the fully leased center include DSW Shoe Warehouse, Five Below, Guitar Center, Dollar Tree and Mattress Firm. The sale also included an outparcel single-tenant building net leased to Five Guys Burgers. Jim Koury of HFF marketed the property on behalf of..

August 2, 2017

RAM Cos. Sells 136-Unit Apartment Complex in South Portland, Maine

SOUTH PORTLAND, MAINE — The RAM Companies has completed the disposition of RiverPlace, an apartment complex located at 1 River Place Drive in South Portland. RiverPlace Properties LLC acquired the 136-unit property for an undisclosed price. Situated on 11 acres, the four-building complex features apartments with private decks and central A/C, a waterfront pool, tennis courts, a clubhouse with fitness center, a private dock for canoes and kayaks, gated access and covered parking. Simon Butler..

July 28, 2017

Cardente Real Estate Brokers 2,500 SF Restaurant Lease in Old Orchard Beach, Maine

OLD ORCHARD BEACH, MAINE — Cardente Real Estate has arranged the lease of restaurant space at 15 E. Grand Ave. in Old Orchard Beach. Robert Kelly and Lori Gramlich leased the 2,500-square-foot space from HPH Holdings LLC. Mark Sandler of Cardente Real Estate represented the landlord, while Karen Rich, also of Cardente Real Estate, represented the tenants in the transaction.

June 8, 2017