Developer sells Augusta building for $1.7M
Dirigo Capital Advisors has sold a building in Augusta for $1.7 million as part of its efforts to focus energy on other developments and sell $25 million of its assets in the area.
The Kennebec Journal reported that the building at 21 Enterprise Drive was sold through Dirigo’s subsidiary, Central Maine Commerce Inc., to Lewiston-based MRE, LLC.
The transaction, which was originally reported by the Mainebiz Real Estate Insider, helped Dirigo cap its goal to sell $25 million of assets in the Augusta area this year. The sale of another $25 million of assets in the Sanford and Saco area is being planned.
Kevin Mattson, Dirigo’s president, told the KJ that the effort to sell $50 million of his company’s assets is being driven by its focus on developing other properties, like the former MaineGeneral hospital building, which has already attracted new tenants.
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