Class A Retail Space in Portland’s Vibrant Bayside Neighborhood - Don't Miss Your Opportunity!

Malone Commercial Brokers is excited to present a unique leasing opportunity at 180 Kennebec Street in Portland. Nestled in the heart of the dynamic Bayside area, this 2,644± SF Class A retail space is part of the newly constructed Furman Block Condominium project. With modern construction, ample parking, and an inviting “vanilla box” layout ready for customization, this space is perfect for businesses seeking high visibility and a fresh, contemporary feel.

Located below 51 residential units and next to a 171-unit apartment complex, this spot offers unparalleled foot traffic and community energy. The landlord also offers a generous $25/SF Tenant Improvement Allowance to support your vision for the space. For those ready to make a statement in Portland’s commercial scene, 180 Kennebec Street is calling your name.

Interested in learning more? Reach out to Joe or Luke Malone today and let’s make your next big move happen in Portland.

Cheri Bonawitz, CCIM Heads to Chicago for NAR Leadership Meeting

MCB back in Chicago! Cheri Bonawitz, CCIM recently attended the NAR Leadership meeting in preparation for becoming Maine Commercial Association of Realtors Realtor of the Year! At the meeting, Cheri learned some invaluable insights about the advantages of what NAR has to offer for commercial brokers as well as buyers agency and how to explain change in commission.

Cheri also ran into her pal Mike Hickey who is on one of the committees for NAR in Vermont. Cheri knows Mike through their involvement in USA Hockey.

As Cheri was in the airport, she noticed that her area was 90% realtors, resulting in an impromptu networking event in the terminal! Everyone was passing cards and engaging in meaningful conversations. Brokers are never truly off the clock!

Spotlight on LOOM Clothing and Home: Natalya Nikitina's Journey to Sustainable Fashion in Freeport

At Malone Commercial Brokers, we understand how important it is to share our clients’ stories. Commercial Real Estate, especially in Maine, is intense in its collaborative nature and we work together with our clients to make sure their story is heard.

Natalya Nikitina is the founder of LOOM Clothing and Home, a boutique that’s redefining sustainable fashion in Freeport. Natalya leased 2,772±SF of retail space at 56 Main St. in Freeport. The deal was brokered by Mark Malone of MCB, representing the tenant, as well as Alex Yebba of Yebba Realty Ventures who represented the landlord.

With a deep-rooted passion for ethical and environmentally conscious fashion, Natalya’s journey from Ukraine, to New York City, to Freeport has been nothing short of inspiring.

Natalya, originally from Ukraine, grew up in New York City surrounded by creativity and design, with her mother as a design director and her father as an architect. Her career path lead her to prestigious roles at Ralph Lauren and Macy’s in NYC. After years in the fast-paced fashion industry, Natalya sought a change, one that would bring her family to Freeport, Maine, and eventually, to the creation of LOOM Clothing and Home.

A carefully curated collection of timeless, high-quality clothing and accessories, at LOOM, each piece is sourced from designers who prioritize low carbon footprints and ethical production practices. Natalya’s approach is centered on the idea of mindful consumerism, encouraging customers to invest in fewer, but better, pieces that will last.

In her own words, Natalya describes LOOM as a place where customers can “trust us to build their wardrobe with quality pieces that last.” The store, with its airy, minimalist design, reflects this philosophy, offering a relaxed and personal shopping experience. Natalya transformed the space at 56 Main St. into a light-filled, welcoming environment that perfectly complements the store’s mission.

LOOM Clothing and Home has quickly become a go-to destination for those in search of sustainable fashion. The boutique’s Instagram following spans across Maine and beyond, and its community-focused events, such as vintage pop-ups and jewelry workshops, are further testament to Natalya’s commitment to supporting local designers and creating an interconnected community.

As Freeport continues to grow and attract more small businesses, LOOM stands out as a showcase of what’s possible when passion meets purpose. We’re proud to have played a part in Natalya’s journey and look forward to seeing LOOM thrive in Freeport’s retail landscape.

NEREJ Recognizes Brandon Mitchell, Mike Anderson, and Jennifer Small as 2024 Rising Stars

From left to right: Brandon Mitchell, Jennifer Small, and Mike Anderson

We are thrilled to announce that three of our brokers—Brandon Mitchell, Mike Anderson, and Jennifer Small—have been named among the New England Real Estate Journal's 2024 Rising Stars. This recognition highlights their hard work and dedication to the commercial real estate industry.

Brandon Mitchell: Our Energetic Go-Getter

Brandon's enthusiasm and spirit are his secret weapon, powering his commitment to client service. You can hear him before you see him! His recent presentation at the Maine Real Estate & Development Association (MEREDA) showcased both his knowledge and his willingness to step into the spotlight.

Marketing Director Cassie Demick notes, "Brandon's energy is absolutely infectious. His eagerness to learn and grow, combined with his natural talent for client relations, sets him up for an bright future in this industry."

In a recent win, Brandon guided a client from a multifamily portfolio to an impressive industrial investment, doubling their initial stake and improving their work-life balance. His dedication and genuine care to his clients makes him one of a kind.

Mike Anderson: Master of the Balancing Act

Mike Anderson proves that success in commercial real estate doesn't mean sacrificing family life. His work ethic and expertise have made him a trusted advisor to clients and colleagues alike.

"Mike's ability to juggle a thriving career and family life is truly impressive," Cassie Demick shares. "He’s always making sure he has time for both his family and dedicating as much time to his clients. His commitment to continuous improvement, both professionally and personally, is setting him up for long-term success in this competitive field."

This past year, Mike expanded his client relationships and ventured into more business brokerage assignments. He attributes his success to his supportive family and the collaborative environment at Malone Commercial Brokers.

Jennifer Small: Our Seasoned Rising Star

With over two decades of experience, Jennifer Small brings a wealth of knowledge to every transaction. Her strategic planning skills and industry connections make her an invaluable asset to our team.

Cassie Demick praises Jenn's contributions: "Jenn's expertise is matched only by her spirit and heart. Her commitment to continuous learning and community involvement sets a high bar for all of us."

Jenn recently achieved her CCIM certification, a prestigious designation held by less than 6% of commercial real estate professionals. Balancing this career milestone with raising twins, Jennifer exemplifies how to achieve professional excellence while maintaining a fulfilling personal life.

We're incredibly proud of Brandon, Mike, and Jenn. These three truly care about their clients, careers and families. It’s inspiring here at Malone. Their recognition as Rising Stars reflects not just their individual talents, but also our company's commitment to fostering excellence.

With professionals like these on our team, the future of Malone Commercial Brokers is looking brighter than ever. Stay tuned for more updates on our continued growth and success!

The Dempsey Center's New Chapter at Rock Row: Expanding Compassionate Cancer Care

Progress at the Rock Row Medical and Research Campus

The Dempsey Center, a beacon of hope and support for cancer patients and their families, is embarking on an exciting new chapter. Founded in 2008 by actor Patrick Dempsey and his family, the center was born from personal experience with cancer, inspired by Patrick's mother's numerous battles. Over the years, the Dempsey Center has evolved into a sanctuary offering a holistic approach to cancer care, providing free services such as counseling, integrative therapies, and wellness programs.

With locations in Lewiston and South Portland, Maine, the Dempsey Center has touched countless lives through its mission to make life better for those managing the impact of cancer. Now, the center is expanding its reach by establishing a new facility at the state-of-the-art Medical and Research Campus at Rock Row in Westbrook.

Why Rock Row?

Cara Valentino, CEO of The Dempsey Center, explains why they chose Rock Row:

"We wanted to offer the same kind of experience that we have in Lewiston and South Portland in a space that could accommodate our growing needs. Rock Row's vision of an integrated medical community aligns perfectly with our holistic approach to cancer care and support. The opportunity to create a healing environment that brings nature inside and offers ample space for our programs was incredibly compelling."

The Rock Row Medical and Research Campus, developed by Waterstone Properties, is an immersive, experiential destination designed to foster health and wellness. It will feature two buildings, including a 179,365 square foot Medical and Research Center and a 20,000 square foot free standing Health Services Building, set to be completed by early 2025. This campus is designed with patients in mind, featuring free parking, proximity to nature trails, and a healing garden—all elements that support the Dempsey Center’s focus on holistic care.

Creating a Healing Space

The new Dempsey Center at Rock Row will incorporate biophilic design principles, bringing natural elements into the indoor environment to enhance the healing process. "We're excited to use a neutral coastal feel in our design, leveraging the proximity to Portland's beautiful coastline," Valentino says. "Our aim is to create a space that feels like home, where the color palette, materials, and even a fireplace contribute to a calming and supportive atmosphere."

This thoughtful design extends to the practical aspects of care. The new center will offer an expanded array of services in a single location, ensuring that cancer patients and their families have access to comprehensive support. "We will continue to offer our core services—counseling, integrative therapies, and comfort and wellbeing programs—in a setting that supports our clients' emotional and physical needs," Valentino adds.

A Community of Care

The Dempsey Center's move to Rock Row is not just about space; it's about creating a community. "The idea of what Rock Row means for the state is so compelling to us," Valentino notes. "It's about providing a full spectrum of care in one location, with access to other nutrition providers, healthy food options, and outdoor activities.”

The Medical and Research Center allows for collaboration with other medical providers, fostering a community that supports patients in every aspect of their journey. Established tenants include New England Cancer Specialists, Rayus Radiology, Plastic and Hand, and Saco Bay Physical Therapy, among others. This collaborative environment will enhance the Dempsey Center’s ability to deliver integrative care that addresses the whole person.

"At Rock Row, we're creating more than just spaces; we're crafting experiences. From shopping and dining to wellness and entertainment, our aim is to enrich every aspect of daily life,” said Josh Levy, CEO and owner of Waterstone Properties Group, developers of Rock Row. "Sustainability and mindfulness are at the core of Rock Row's design philosophy. We're building an environment that respects the natural beauty of Maine while serving the needs of the modern community."

Looking Ahead

As the Dempsey Center prepares for this exciting transition, the team is filled with anticipation. "We are most excited about having our team co-located in a space designed for our needs," Valentino shares. "This new facility will not only allow us to continue our current programs but also introduce new opportunities for individuals to experience healing in a beautiful, supportive environment."

"We are thrilled to welcome the Dempsey Center to Rock Row," says Mark Malone, Vice President and Broker at Malone Commercial Brokers. "Their commitment to holistic cancer care perfectly aligns with our vision for a vibrant, health-focused community."

With the new facility nearing completion, the dream of a cutting-edge, integrative medical campus is rapidly becoming a reality, promising to transform the lives of countless individuals for years to come.

If you’re looking to join The Dempsey Center and other exceptional tenants, be sure to reach out to Mark Malone, the medical office mogul!

Malone Commercial Brokers Expands Team with New Sales Agent and Summer Intern

Malone Commercial Brokers is pleased to announce the addition of Nick Malone as a sales agent and Max Then as a summer intern to their team. These new hires position the firm for continued growth while providing enhanced services to clients.

Nick Malone’s passion for commercial real estate was sparked by witnessing the client relationships forged by his family’s company. After earning his degree in Economics and Finance from Bentley University, Nick gained valuable experience in wealth management and financial analysis before obtaining his sales agent license and joining the family business. He is a Maine local, currently residing in Westbrook.

Max Then, joining MCB for a summer internship, is a senior at Colorado College pursuing a Business and Economics degree. Max’s entrepreneurial drive drew him to the Malone’s strong industry reputation, eager to gain hands-on commercial real estate exposure while building professional connections. He is a also a Maine local hailing from Yarmouth. His internship will provide invaluable experience as he explores a career in this dynamic field.

Cheri Bonawitz, CCIM, Named 2024 REALTOR® of the Year by Maine Commercial Association of REALTORS®

Cheri Bonawitz, CCIM

Malone Commercial Brokers is proud to announce that Cheri Bonawitz, CCIM, has been named the 2024 REALTOR® of the Year by the Maine Commercial Association of Realtors (MCAR). This prestigious award recognizes Cheri’s exceptional contributions to the commercial real estate industry, her leadership roles, and her commitment to community service.

Cheri has been a broker since 2007 and with Malone since 2018. She is known for her expertise in business brokerage and diverse commercial transactions. Her recent high-profile deals include the $2.5 million sale of VIP Tour & Charter Bus Company and a $1.2 million Wells motel property transaction.

As MCAR’s President-Elect and the incoming New England CCIM Chapter President, Bonawitz continues to shape the industry. Her dedication extends beyond real estate, serving on the Board of Directors for USA Hockey.

“Cheri’s client-centered approach, collaborative spirit, and community involvement make her truly deserving of this honor,” said Molly McGuire, Operations Manager at Malone Commercial Brokers. “We are immensely proud to have her on our team.”

West Gardiner Self Storage Facility Sold for $2.13 Million

17 Town House Road, West Gardiner

Malone Commercial Brokers is pleased to announce the sale of a newly constructed 26,000± square foot self-storage facility located at 17 Town House Road in West Gardiner, Maine. The 7.5± acre property with 5 storage unit buildings sold to 17 Town House Road, LLC from West Gardiner Self Storage, LLC for $2,134,000.

Completed in April 2023, the self-storage complex features all new buildings with a newly paved lot finished in August 2023. The facility is situated in a prime location along the busy Town House Road corridor.

Brandon Mitchell of Malone Commercial Brokers represented the seller, while Jordan Stolt of Summit Real Estate represented the buyer in the transaction that closed on May 1, 2024.

“We were very pleased to facilitate the sale of this top-quality self-storage facility,” said Brandon Mitchell. “The self-storage industry continues to experience significant popularity. The brand-new construction and demand for self-storage facilities made this a highly desirable investment opportunity.”

Mitchell is quickly gaining recognition in the self-storage industry. He currently has several self-storage facility listings. Contact Brandon for more information on other opportunities he has available.

The Comeback Champions: MBC Ballahs Strike Gold at MEREDA's Strikes for Scholars

After the disappointment of last year's second place finish, the MBC Ballahs weren't going to let that happen again. Our team of bowling enthusiasts had their game faces on and their eyes firmly set on the first place prize at this year's MEREDA Strikes for Scholars event.

And boy did they deliver! The Ballahs showed up in full force, channeling their inner professional bowlers to knock down pins left and right. An absolutely stellar performance from everyone on the team, spearheaded by MVP Susan Sawicki's blistering hot score of 160. The competition was blown away by the sheer power and precision of our rolls.

When the final frames were bowled, the MBC Ballahs had reclaimed their rightful place at the top of the Strikes for Scholars podium. The comeback was complete in decisive fashion.

While we may joke that bowling is serious business at MBC, the truth is we just love any opportunity to get together, have some fun, and support great causes like Strikes for Scholars. Bringing real estate professionals together for friendly competition that benefits the community is a win in itself. Knowing the funds raised go towards supporting students pursuing careers in construction trades and professions? That's the real MVP result.

Hats off to the entire MBC Ballahs team and MEREDA for another fantastic Strikes for Scholars tournament. We'll be defending that first place title hard again next year!

New Site Expands Waterstone's Medical Footprint in Westbrook

40 Park Road, Westbrook

Waterstone Properties Group Inc. is doubling down on Westbrook's healthcare boom with their recent $3.45 million acquisition of 40 Park Road - a 30,200 sq ft medical office building about 2 miles from their Rock Row medical campus.

Mark Malone of Malone Commercial Brokers represented the buyer, Waterstone, in the deal, while Drew Sigfridson of Boulos Co. represented the seller Northern Light Health's Mercy Hospital.

"The process is well underway to determine the highest and best use for this property," Josh Levy, Waterstone's CEO, told Mainebiz.

The 40 Park Road property had been utilized by Mercy for administrative offices before they consolidated space elsewhere. The nearly 5-acre site provides an ideal opportunity for Waterstone to develop new community-focused healthcare offerings close to Rock Row.

While usage plans are still being determined, the "building is in excellent condition, just waiting to be reimagined for community service health care," Levy said. The goal is to complement the 200,000 sq ft Rock Row Medical & Research Campus currently taking shape.

This anchor campus will offer integrated, patient-centric care with tenants like New England Cancer Specialists along with primary care, imaging, therapy and other specialty practices. "As always, we are committed to Westbrook in the long term and want to invest in other parts of the community, in addition to Rock Row," he said.

With key deals like 40 Park Road, Waterstone is solidifying Westbrook as a major suburban healthcare destination alongside their transformative Rock Row development. Stay tuned for more on their plans!

Read full MaineBiz article HERE