The merger of two like-minded firms maintains the ‘local’ focus. Good square-footage, proximity to downtown Portland and off-street parking checked the boxes.
Eighteen months and $1 million went into the redevelopment of an early 19th-century building in the West End that was built for Prentice Mellen, who was a U.S. Senator prior to his term as Chief Justice of the Maine Supreme Judicial Court.
The real estate firm bought the parking garage within weeks of acquiring a portfolio of buildings for $25 million, bringing its total recent investment in West Bayside to $45 million.