Malone Commercial Brokers received two impact awards from Arlington, Va., real estate research firm CoStar Group Inc. (NASDAQ: CSGP) for its work in the Greater Portland commercial real estate market.
The “Lease of the Year” award was for a 30,184-square-foot lease of office space to Portland wealth management firm R.M. Davis at One Portland Square in downtown Portland. The landlord is North River IV LLC.
R.M. Davis leased the space in preparation for its move from 24 City Center, a block away, this fall following a comprehensive renovation.
The transaction was originally 24,185 square feet, signed in April 2025. An additional 5,999 square feet was leased in January 2026.
The tenant was represented by Jennifer Small of Malone Commercial Brokers. The landlord was represented by Drew Sigfridson and Brice O’Connor of the Boulos Co.
Small’s long-standing relationship with R.M. Davis and understanding of its operational priorities helped guide the site selection and negotiation process, Malone said earlier this year.
The “Sale/Acquisition of the Year” award was for MaineHealth’s acquisition of 300 Southborough Drive in South Portland.
The state’s largest health care system paid $20 million for the property and developing it into a consolidated orthopedic care hub, bringing together clinical services and providers that are now spread throughout the area, in the three-story, 122,042-square-foot Class A office building. The site, on 19 acres, has 635 parking spaces.
Tom Moulton and Katie Breggia of the Dunham Group represented the seller, Metro 300 LLC, and Mark Malone of Malone Commercial Brokers represented MaineHealth.
Another $30 million will go toward renovations at 300 Southborough Drive to bring together MaineHealth’s orthopedic specialty practices. And an investment of around $20 million is planned to build a 14,000-square-foot freestanding orthopedic surgery center featuring four operating rooms, two procedure rooms, and 16 pre- and post-operative bays, bringing total investment to $70 million.
Construction and renovations are expected to run from 2026 into 2027.
