Real Estate Transactions November 2017
42 Industrial Park Road, Saco: 13,874-square-foot Class A office building sold to 42 IPR LLC by Ohio Mutual Insurance Company for $2.1 million. Greg Perry of Cardente Real Estate (representing seller) and Andrew Ingalls of Malone Commercial Brokers (representing buyer) brokered the deal, which closed Nov. 20, 2017.
352 Alfred St., Biddeford: 1,800-square-foot retail investment building sold to Joe Soley by Five Star Holdings LLC for $1.5 million. Frank O’Connor from NAI The Dunham Group and Josh Soley from Compass Commercial Brokers brokered the sale, which closed Nov. 2, 2017.
188 Presumpscot St., Portland: .68-acre light industrial property sold to 188 Presumpscot Street LLC by Tollef Olson for $300,000. Scott Balfour of Magnusson Balfour brokered the deal, which closed Nov. 8, 2017.
26 Winter St., Gardiner: 9,000-square-foot commercial building sold to Capital Area Properties by Area Leasing & Development Corp for $275,000. Dennis Wheelock of Magnusson Balfour brokered the deal, which closed Nov. 8, 2017.
Lot 6 Mill Brook Business Park, Saco: 4.39 acres of land sold to FFC Realty Group LLC by the City of Saco for $180,000. Craig Church of Magnusson Balfour brokered the deal, which closed Nov. 7, 2017.
24 Industrial Park Road, Saco: 5.25-acre land parcel sold to Industrial Park BC LLC by Sammi LLC for $130,000. Chris Craig from NAI The Dunham Group brokered the sale, which closed Nov. 2, 2017.
20 Portland Road, Gray: 10,032-square-foot retail building on 1.9 acres sold to MSP Realty Group LLC by The Cirignano Family Limited Partnership for $575,000. John Doyon of Malone Commercial Brokers (representing buyer) and Todd Blonsley of Marcus & Millichap brokered the transaction, which closed Oct. 30, 2017.
27 Portland Road, Buxton: 3,200-square-foot medical office building on 5.2 acres sold to Next Gen Holdings LLC from Buxton Medical LLC for $325,000. John Doyon of Malone Commercial Brokers (representing seller) brokered the sale, which closed Oct. 27, 2017.
Clearwater Drive (Lots 6,7) Falmouth: 3.45 acres sold to Casco Bay Engineering Inc. by EW Land LLC for $275,000. Peter Harrington of Malone Commercial Brokers (representing buyer) and Joe Malone and Jennifer Small of Malone Commercial Brokers (representing seller) brokered the transaction, which closed Oct. 20, 2017.
572 Civic Center Drive, Augusta: .52 -acre retail development site sold to Holtavision LLC by Jim Pepin Properties LLC & JR Development LLC for $190,000. John Doyon of Malone Commercial Brokers (representing seller) brokered the sale, which closed Oct. 16, 2017.
390 U.S. Route 1, Falmouth: 736-square-foot office condominium sold to 390 Falmouth LLC by TK Falmouth LLC for $170,000. Mark Malone from Malone Commercial Broker (representing seller) was the listing agent and Jeffrey Pierce from Mulkerin Real Estate was the selling agent for this transaction, which closed Oct. 24, 2017.
773 Congress St., Portland: 710-square-foot office condominium sold to TEAC LLC by 773 Congress LLC for $146,900. John Doyon of Malone Commercial Brokers (representing seller) brokered the sale, which closed October 20, 2017.
385 Congress St., Portland: 2.26 acres with 2 buildings totaling 76,331 square feet sold to 385 Congress Street LLC by Metro Media Properties LLC for $9 million. Joe Malone and Jennifer Small of Malone Commercial Brokers (representing buyer) and Tom Moulton of NAI The Dunham Group brokered the sale, which closed Oct. 20, 2017.
9-11 Park St., Bath: Washington on Park, an 80,000-square-foot mixed-use building sold to SRMAC Holdings LLC by Kennebec Landing LLC for $4.6 million. Ed Herczeg of TMREN Commercial brokered the sale, which closed Oct. 31, 2017.
5 Milk St., Portland: 28,139-square-foot retail/office building sold to 5 Milk Street LLC by Milk Street Associates LLC for $3,906,250. Joe Malone and Jennifer Small of Malone Commercial Brokers (representing seller) and Mark Malone of Malone Commercial Brokers (representing buyer) brokered the deal, which closed Oct. 31, 2017.
274 Park Ave., Portland: Six-unit multi-family building sold to 274 Park Avenue LLC by Trident LLC for $875,000. Cheri Bonawitz of Cardente Real Estate and Paul McKee of Keller Williams Realty brokered the deal, which closed Nov. 1, 2017.
765 Congress St., Portland: Mixed-use building sold to 147 Western Ave LLC by Joseph Napolitano for $860,000. Sam LeGeyt of Harnden Commercial Brokers represented the buyer and Jeff Davis and Cindy Landrigan of Town and Shore represented the seller. The sale closed on Tuesday October 31, 2017.
438 U.S. Route 1, Scarborough: 2,700-square-foot medical office building sold to Burke & Co. LLC by Scarborough SMC Associates for $475,000. John Doyon of Malone Commercial Brokers (representing seller) and Tony Donovan of KW Coastal Realty brokered the sale, which closed Oct. 25, 2017.
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