Sale allows one central Maine nonprofit to consolidate and another to expand
Courtesy / The Boulos Co.
Kennebec Valley YMCA’s sale of its property to Woodfords Family Services will allow the former to consolidate and the latter to expand.
The sale of Kennebec Valley YMCA’s mixed-use property in Manchester to Woodfords Family Services is a step in the Y’s consolidation plan and a step in Woodfords long-term plan to expand services in central Maine.
The Kennebec Valley YMCA sold 40 Granite Hill Road to Woodfords Family Services for an undisclosed price. Nick Lucas of the Boulos Co. brokered the transaction.
The building is a 21,700-square-foot mixed-use structure on just over 3 acres just off Western Avenue. There are around 100 parking spots. Part of the building is being leased to Maine General, and Woodfords assumed the lease upon the sale of the building.
The listing was on the market for several months and attracted a considerable amount of interest with multiple offers, said Lucas.
“The building was constructed in 1987 and it was not originally built for the Y,” he said.
The building is in good condition.
“We are thrilled to have sold the building to a fellow organization that is creating a much-needed space for the community,” said Ranae L’Italian, CEO of Kennebec Valley YMCA. “This partnership marks a great opportunity for both organizations to better serve the Kennebec Valley community.”
Katelynn Orr, the Y’s marketing and fund development director, said the consolidation plan includes selling the Manchester campus.
“This enables us to focus on one aging facility rather than two,” Orr said.
Woodfords, which serves individuals with intellectual and developmental disabilities and their families, plans to renovate the building and grow its educational, clinical, behavioral health and family support programs in the area.
“Woodfords has had a presence in central Maine for quite some time, and the purchase of this building is part of our strategic plan to expand services in order to meet underserved families in our communities,” said Mark Eves, the organization’s executive director.
Kerry deBree, Woodford’s chief strategy officer, said the organization wasn’t actively looking at real estate at the time the agency became aware of the YMCA’s decision to sell the property.
“The agency has provided services in the central Maine region for several years,” deBree said. “It has been a strategic goal to expand services in the region, and the opportunity to purchase this building accelerated the timeline of those plans.”
Woodfords plans to undertake significant renovations to upgrade the facility and repurpose it to meet its programming needs.
“Woodfords has engaged with multiple entities to develop a renovation plan and timeline,” she said.
Details are still being finalized.
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