MaineHealth purchased Portland's Union Station Plaza for $16.8 million as a long-term investment in the neighborhood where Maine Medical Center is located.
The buyer said it has no plans to develop the property, purchased from the Union Station LMT Partnership, at this time.
The acquisition will help position MaineHealth and its flagship hospital, Maine Medical Center, to continue to meet the region’s dynamic and growing health care needs, MaineHealth said in a news release.
Brokered by Joe Malone and Mark Malone of Malone Commercial Brokers and John Gendron of Gendron Commercial.