With land parcels ranging from 3.4 ±AC to 93.9± AC, the town of Gorham owned parcels are adjacent to the existing Gorham Industrial Park. Five lots are available:
• Lot A (52.5 AC): $2,775,000
• Lot B (41.4 AC): $2,200,000
• Lot 2 (4.5 AC): $450,000
• Lot 3 (6 AC): $500,000
• Lot 4 (3.4 AC): $500,000
Learn more from the Portland Press Herald HERE and view the full listing HERE.
Contact Mike Anderson for more information on this property at mike@malonecb.com.
Sugarloaf ski resort has purchased the Herbert Grand Hotel in Kingfield to help expand housing options for employees, who have been squeezed by a costly, short-supplied market of homes near the Carrabassett Valley mountain. (Courtesy Jessica Hall/MaineBiz)
John Doyon, Jennifer Small, Joe Malone of Malone Commercial Brokers brokered the transaction. Read the full report from MaineBiz HERE.
[PORTLAND, MAINE | April 13, 2022] Malone Commercial Brokers is pleased to announce they will be taking over the iconic “Call Joe” Time and Temperature sign from May 2nd through May 4th. Watch for the acronym “MCB 4ME” decorating the Portland skyline.
This abbreviation, short for “Malone Commercial Brokers for Maine,” is a fundraising effort to support Maine students. The sign campaign coincides with the sold-out annual MEREDA Strikes for Scholars Bowl-a-Thon Fundraiser event on May 5th, where MCB is a yearly participant.
According to Molly McGuire, Ops Manager/Designated Broker at MCB, “The idea came about at the 100+ Women Who Care annual fundraiser auction, when I won the bid for three days on the Time and Temp sign, I thought it would be a great opportunity for MCB to expand even further on MEREDA’s Strikes for Scholars Campaign.”
Malone Commercial Brokers (MCB) is asking locals who see the MCB 4ME message on the sign from May 2-4, 2022 to snap a photo of it and post it on their social media accounts with the hashtag #MCB4ME. For each tag and share, MCB will donate to the ACE Mentor Program of Maine and AGC Maine Education Foundation. “We encourage people to have fun with these posts. We’d love to see selfies, puppy pix and sunsets with the MCB 4ME sign,” says Susie Pollard, Marketing Specialist at MCB. The top shares and posts with the hashtag #MCB4ME will be featured on MCB social media and website. For more details on the program and donation opportunities, go to www.malonecb.com.
_______________________________________________________
For more about the ACE Mentor Program of Maine, go to www.acementor.org and AGC Maine Education Foundation at www.agcmaine.org. Details on Mereda’s Strikes for Scholars Bowl-a-Thon Fundraiser are at www.mereda.org. For information on 100+ Women Who Care go to www.100womenwhocaresouthernmaine.com
Malone Commercial Brokers is a top commercial real estate firm based in Portland, Maine. Serving owners, tenants, and investors throughout the state since 1983, established relationships and market expertise are among the many reasons Malone Commercial Brokers is a recognized leader in the Maine real estate market.
In the latest news from the Portland Press Herald, Freeport is “in the process of reinventing itself.” This transformation is projected to revitalize downtown Freeport from a premier tourist destination to a thriving community center where a growing number of locals live, work, socialize, and shop.
Russell Preston of Boston urban design firm, Principle Group, is working with town officials on the plan for town center. According to Preston, Freeport Village Station will be the epicenter for the development of the downtown community.
Mark Malone of Malone Commercial Brokers is representing the sale of a portfolio of five buildings and two lots in the heart of this downtown district. The permitted use of these projects ranges from office, public or private school, multiple family dwelling, restaurant, or day care facility to parking lot or structure. Now is the optimal time to invest in the opportunity zone of downtown Freeport.
To learn more about the plan for Freeport, read full article from Portland Press Herald by clicking HERE.
________________________________________
For information about any or all of the Freeport Village Portfolio for sale, please contact Mark Malone at mark@malonecb.com or 207.772.2422.
Click HERE to view listing details for the Freeport Village Portfolio now.
Malone Commercial Brokers is pleased to announce the sale of historic Western Prom portfolio located at 231-227 Western Promenade and 94-98 Chadwick. These historic homes owned by Maine Medical Center were purchased by Quercus Alba LLC/Quercus Rubra LLC.. Joe Malone, Jennifer Small and Mark Malone of Malone Commercial Brokers represented the seller; Alessandra Malone of Waypoint Brokers Collective represented the buyer.
For the full MaineBiz article, click HERE.
The mixed-use brick building, adjacent to the multi-million-dollar renovation at the Time & Temperature Building, has been well maintained and much-improved over the years. Michael Anderson of Malone Commercial Brokers and Jed Rathband of Keller Williams Realty brokered the transaction.
Read the full MaineBiz article HERE.
Malone Commercial Brokers is pleased to announce the sale of 12 Bartlett Road, centrally located in the industrial corridor of Gorham, to Northland Enterprises. This industrial project, comprised of 20,600± SF Class A warehouse space that includes office space, an additional 5,000± SF mezzanine and capability of up to 9,600± SF of additional space, is 100% occupied with a long-term janitorial supply tenant. The sale was brokered by Brandon Mitchell and Mark Malone, CCIM, of Malone Commercial Brokers.
When broker Brandon Mitchell learned that the current owners wished to sell the property they occupy, he immediately alerted Northland Enterprises CEO Josh Benthien, who had been looking for the right acquisition opportunity to add to the growing Northland portfolio of commercial investments. Mitchell also had an ongoing relationship with the current owner/tenant, so he felt this would be a mutually beneficial transaction for both parties, “As soon as I heard this project was coming on the market, I made sure they [Northland] were the first to see it. With such a quality tenant and the immaculate condition of the facility, we knew it would go fast. Northland jumped on it and wrote an offer that day.”
According to Benthien, “Northland specializes in build to suits and sale lease backs, with a long-term investment philosophy. When we acquire a building and sign a lease, we do so with the expectation that we’ll be partners with that tenant for ten years or longer. A key to success in these landlord-tenant relationships is open communication, shared values, and a desire to facilitate long term value in both the building and the tenant’s business.” 12 Bartlett Road sold for the listing price of $3.75 million.
On January 20, 2022, Peter Harrington of Malone Commercial Brokers presented “The Greater Portland Retail Forecast for 2022” at the Maine Real Estate and Development Association’s (MEREDA) 2022 Conference. HERE is an overview of his presentation from MaineBiz.
To access Pete’s full presentation, click HERE.
This spring, Norcom Mortgage, a branch of Connecticut-based Norwich Commercial Group , Inc., will be relocating to its new Saco home at 9-11 Beach St, after completion of extensive restoration and remodel of the historic building. The established Cia Cafe is on the ground level of the building and the Norcom offices will occupy the second and third floors.
The sale was brokered by Mike Anderson of Malone Commercial Brokers and Sam LeGeyt of the Dunham Co. To learn more, read the full article from MaineBiz HERE.
[PORTLAND, MAINE, December 21, 2021] Malone Commercial Brokers is pleased to announce the sale of one of South Portland’s most recognizable retail centers: Mallside Plaza, a 118,422 SF, 2.9 AC retail center at 198 Maine Mall Rd, situated just off I-295 and the Maine Turnpike. Mark Malone, CCIM, Principal/VP/Broker at Malone Commercial Brokers, represented the owner (NECG Mallside BH, LLC) and Scott Schubert of Anagnost Realty and Development represented the buyers.
Mallside Plaza | 198 Maine Mall Rd | Portland, ME
The buyer, Wood Hill Realty Associates, LLC, acquired this 96.5% occupied property. Located in the heart of the Maine Mall shopping district, Mallside Plaza is anchored by national tenants DSW, Planet Fitness, Dollar Tree, Guitar Center, Five Below, Five Guys, and Jackson Hewitt Tax Service, in addition to local tenant, Theory Wellness of Maine. NECG Mallside BH, LLC has owned the project since 2017.
The property was listed for $21 million and sold for $20 million, as the new owner plans to invest in property improvements, including a parking lot renovation. In addition to the main retail building, the center has an outparcel occupied by Five Guys with another outparcel possibility of 2K-5K SF. There is currently one vacant space for lease, totaling 4,200 SF.
According to Mark Malone, “A diverse and established tenant roster, combined with a central location and continued possibility for growth, make this shopping center both a desirable commercial real estate investment as well as a great shopping destination for the community and region.”
For additional information, contact Molly McGuire, Designated Broker|Operations Manager at molly@malonecb.com
Have a commercial real estate question? Want to inquire about a specific space? Contact us today!
Or, fill out the form below:
