Major Portland retail-office block sold for $8M
Contributed by CBRE|The Boulos Co.
Four Canal Plaza in Portland.
Contributed by CBRE|The Boulos Co.
178 Middle St. in Portland.
Three adjacent retail-office complexes in Portland’s Old Port that include Starbucks, Urban Outfitters and Stonewall Kitchen as tenants have been sold for $8 million to a New York-based firm.
The sale of 178 Middle St. and Four Canal Plaza, otherwise known as “The Boyd Block,” to investment firm Middle Street Holdings LLC closed on Aug. 13, real estate broker CBRE|The Boulos Co. said Wednesday.
Middle Street Holdings was incorporated on July 17, according to a listing on the New York Department of State, Division of Corporations' website, which lists the name of Fabian Friedland, a developer and software engineer who has been covered in the New York Times.
The seller was Portland-based Buckstar LLC, which is owned by developer Dick McGoldrick, according to a 2010 Mainebiz story. The company appears to be connected to Portland-based Commercial Properties Inc., where McGoldrick serves as CEO and chairman.
The three buildings located at the corner of Exchange and Middle streets, totaling more than 68,000 square feet of office and retail space, are “considered to be the epicenter of Portland’s commercial district,” CBRE|The Boulos Co. said in its announcement.
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