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V O L . X X I V N O. X V J U LY 2 3 , 2 0 1 8 28 R E A L E S TAT E / C O N S T R U C T I O N / D E S I G N F O C U S 1 Sales completed from July 1, 2017, to June 30, 2018, were considered for this list. S O U R C E : Each fi rm via survey, press releases and municipal assessors' records Maine's largest commercial property sales Ranked by sale price 1 C O M P I L E D B Y S T E P H A N I E R . M E A G H E R Purchase this list and more as a PDF or Excel document at mainebiz.biz/DataCenter @ 1 Property location(s) Sale price Square footage Buyer(s)/ Seller(s) Planned use Commercial real estate broker(s) 1 1 River Place South Portland $33,250,000 136 units River Place Properties LLC/ River Place Development LLC Multi-family apartments Harnden Commercial Brokers 2 251 U.S. Route 1 Falmouth $21,000,000 203,000 122 PTIP LLC/ 20 Thames Street LLC/ Falmouth Realty Association Vinios Louis TR JPA Management Retail space Porta & Co. Compass Commercial Brokers Newmark Knight Frank 3 274 Western Ave. Augusta $12,000,000 41,000 Casey Investments LLC/ Sweetwater Partners LLC Retail space Porta & Co. 4 125 Presumpscot St. Portland $11,575,000 71,000 Presumpscot-Portland Investors LLC/ 125 Presumpscot SPE LLC/ Iconic Investors LLC Office complex CBRE|The Boulos Cos. 5 383 Commercial St. Portland $11,284,700 2.5 acres Deering Property Development LLC/ Milliken Smith Block LLC Multi-use development Malone Commercial Brokers 6 385 Congress St. Portland $9,000,000 76,331 385 Congress Street LLC/ Metro Media Properties LLC Investment & redevelopment Malone Commercial Brokers NAI|The Dunham Group 7 4 Horton Place Topsham $6,976,705 14,320 CPIMF1 CMHTOME LLC/ Jim Howard Medical office RE/MAX Riverside 8 Brighton Ave. & Larrabee Road Westbrook $6,800,000 50 acres Water Stone Retail/ Pike Industries Retail space NAI|The Dunham Group WRE Commercial Brokers 9 74 Neptune Drive Brunswick $6,250,000 190 units Pegasus Landing LLC/ Affordable Mid Coast Housing LLC Multi-family apartments CBRE|The Boulos Cos. Sullivan Real Estate Group 10 1685 Congress St. Portland $5,750,000 30,548 1685 Congress Street LLC/ Stroudwater Associates Office Malone Commercial Brokers 11 131 Topsham Fair Mall Road Topsham $5,250,000 85,636 B33 Topsham Crossing LLC/ Undisclosed Retail space CBRE|The Boulos Cos. CBRE NYC 12 105 Topsham Fair Mall Road Topsham $5,140,000 45,469 105 Topsham Fair Mall LLC/ AB Holdings Co. LLC Retail space CBRE|The Boulos Cos. 13 70 Ocean Gate Road Southport $5,000,000 65 units 33 acres TWG Bravo LLC/ GEM Hospitality Resort Daigle Commercial Group 14 9-11 Washington on Park Bath $4,600,000 80,000 SRMAC Holdings LLC/ Kennebec Landing LLC Mixed-use TMREN Commercial 15 340 Cumberland Ave. Portland $4,500,000 51,498 Sweetwater Partners LLC/ 340 Cumberland Avenue LLC Office CBRE|The Boulos Cos. Porta & Co. 16 The Clark on Pleasant 3 Pleasant Ave. Portland $4,300,000 25 units Suzanne Hanson/ Hardypond Development Co. Multi-family apartments Vitalius Real Estate Group 17 50 Monument Square Portland $4,250,000 35,910 The Lancaster Group LLC/ 50 Monument LLC Mixed-use investment NAI|The Dunham Group CBRE|The Boulos Cos. 18 380 Cumberland Ave. South Portland $4,100,000 28,987 Sweetwater Partners LLC/ 380 Cumberland Avenue LLC Office CBRE|The Boulos Cos. Porta & Co. 740 Broadway South Portland $4,100,000 22,152 Willco LLC/ 740 Broadway LLC Shopping center Malone Commercial Brokers Porta & Co.