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V O L . X X I V N O. X X I X 84 BO O K O F L I S T S 2 0 1 9 R E A L E S TAT E KW Commercial, a division of Keller Williams Realty 50 Sewall St, Portland, ME 04102 www.kwmainecommercial.com (207) 879-9800 KW Commercial Maine has a team of 13 brokers dedicated to serving your commercial real estate needs. Our commercial team consists of the most knowledgeable, results-driven brokers backed by years of experience and the most innovative technology the commercial real estate industry has to offer. We specialize in an array of commercial property types, including retail, office, industrial, multi-family, hospitality, and land. When you work with a KW Commercial broker, you're working with a team that has local expertise and global resources Your Local Experts Maine's largest commercial property sales ยป C O N T I N U E D F R O M P A G E 8 2 1 Sales completed from July 1, 2017, to Nov. 10, 2018, were considered for this list. 2 Beginning Jan. 1, 2019, the company will return to its founding name, The Boulos Co., ending its 17-year affiliation with national real estate firm CBRE Inc. This list was compiled by Stephanie R. Meagher and updated since publication in the July 23, 2018 issue of Mainebiz. N/A: Not available. S O U R C E : Each firm via survey, press releases and municipal assessors' records Bath Kennebec Landing LLC 15 340 Cumberland Ave. Portland $4,500,000 51,498 Sweetwater Partners LLC/ 340 Cumberland Avenue LLC Office CBRE|The Boulos Cos. 2 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. 2 18 380 Cumberland Ave. South Portland $4,100,000 28,987 Sweetwater Partners LLC/ 380 Cumberland Avenue LLC Office CBRE|The Boulos Cos. 2 Porta & Co. 740 Broadway South Portland $4,100,000 22,152 Willco LLC/ 740 Broadway LLC Shopping center Malone Commercial Brokers Porta & Co. 20 510 Alfred St. Biddeford $3,925,000 55,899 OSJ of Biddeford LLC/ JPMCC 2006-LDP6 510 Alfred Street LLC Retail space CBRE Providence CBRE|The Boulos Cos. 2 21 5 Milk St. Portland $3,906,250 28,139 5 Milk Street LLC/ Milk Street Associates LLC Retail & office space Malone Commercial Brokers 22 35 Foden Road South Portland $3,800,000 40,000 35 Foden Road LLC/ E.G. Foden Co. Retail space Harnden Commercial Brokers NAI|The Dunham Group 23 14 Industrial Way Portland $3,650,000 26,427 Keiter and Associates QI/ Dairy Times LLC Warehouse Malone Commercial Brokers 24 430 Bath Road Brunswick $3,600,000 16,560 Hanian Holdings LLC/ JHR Bath Road Holdings LLC Office CBRE|The Boulos Cos. 2 25 80 Exchange St. Bangor $3,500,000 88,478 JB Brown & Sons/ Dead River Properties Office CBRE|The Boulos Cos. 2 26 380 U.S. Route 1 Kittery $3,400,000 43 units New England Hotel LLC/ Mark Della Pasqua Hotel Daigle Commercial Group 27 473 Alfred St. Biddeford $3,150,000 9,856 Biddeford Savings Bank/ Five Star Holdings LLC Retail investment NAI|The Dunham Group 1 Sales completed from July 1, 2017, to Nov. 10, 2018, were considered for this list. 2 Beginning Jan. 1, 2019, the company will return to its founding name, The Boulos Co., ending its 17-year affiliation with national real estate firm CBRE Inc. N/A: Not available. This list was compiled by Stephanie R. Meagher and updated since publication in the July 23, 2018 issue of Mainebiz. SOURCE: Each firm via survey, press releases and municipal assessors' records Maine's largest commercial property sales Ranked by sale price 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. 2 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. 2 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. 2 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. 2 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. 2 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. 2 18 380 Cumberland Ave. South Portland $4,100,000 28,987 Sweetwater Partners LLC/ 380 Cumberland Avenue LLC Office CBRE|The Boulos Cos. 2 Porta & Co. 740 Broadway South Portland $4,100,000 22,152 Willco LLC/ 740 Broadway LLC Shopping center Malone Commercial Brokers Porta & Co. 20 510 Alfred St. Biddeford $3,925,000 55,899 OSJ of Biddeford LLC/ JPMCC 2006-LDP6 510 Alfred Street LLC Retail space CBRE Providence CBRE|The Boulos Cos. 2 21 5 Milk St. Portland $3,906,250 28,139 5 Milk Street LLC/ Milk Street Associates LLC Retail & office space Malone Commercial Brokers J.B. Brown & Sons' purchase of this six- story Class A building, one of Bangor's most visible office structures, signaled the Portland commercial real estate and asset manage- ment firm's confidence in Bangor as a growing market, given recent significant investment in the waterfront and downtown.