PORTLAND, MAINE — Cardente Real Estate has arranged the sale of a restaurant property located at 476 Stevens Ave. in Portland. Rock Properties sold the property to 476 Stevens Ave LLC for $1.1 million. Siano’s Pizzeria formerly occupied the 4,091-square-foot restaurant building. Cheri Bonawitz of Cardente Real Estate represented the seller, while Mike Anderson of Malone Commercial Brokers represented the buyer in the deal.
PORTLAND, MAINE — Lancaster Pollard has arranged $15.3 million in bridge financing for Portland Center for Assisted Living, an 85-unit assisted living and memory care community in Portland. The borrower is First Atlantic Healthcare Corp., which sought to refinance existing debt. The financing will also fund repairs and reserves for the property, which was built in 1964. Aaron Becker led the transaction for Lancaster Pollard.
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.
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.
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.
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 Matthew Enright of HFF represented the seller and procured the undisclosed buyer. The hotel was purchased unencumbered of management.
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.
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 development. The Mid-Coast area consists of approximately 95,000 people within a 15-mile radius. The name of the seller was not released.
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 large group activities; and the psychiatry practice for Maine Behavioral Healthcare; as well as pediatric, internal medicine, OBGYN, surgery, orthopedics, ENT and urology practices. Lewiston, Maine-based Hebert Construction Corp. is serving as construction manager for the project, which is slated for completion in June 2018.
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 the seller, Kimco Realty Corp., and procured the buyer, Northeast Capital Group. Porter Terry of HFF worked on behalf of the new owner to secure a 10-year, fixed-rate acquisition loan through Katahdin Trust Company.
