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V O L . X X V N O. X X I X 84 BO O K O F L I S T S 2 0 2 0 R E A L E S TAT E Maine's largest commercial property sales Ranked by sale price 1 Property location(s) Sale price Square footage or units Buyer(s)/ Seller(s) Planned use Commercial real estate broker(s) 1 132 Marginal Way Portland $20,850,000 238,301 West Bayside Partners LLC/ Blue Atlantic Portland LLC Multi-family apartments Porta & Co. The Boulos Co. 2 51 Commerce Center Drive Augusta $19,176,996 105,500 Augusta ME I SGF LLC/ CMCC Lot 14 LLC N/A The Boulos Co. 3 320 Cumberland Ave. Portland $12,000,000 46,892 East End Corp./ 25 Preble Street LLC Investment Compass Commercial Brokers Porta & Co. 4 240 Harvard St. Portland $10,775,000 84 Units Chestnut Realty Management LLC/ Wescott & Payson II LLC Multi-family apartments Porta & Co. 5 21-39 Commercial St. Portland $10,500,000 38,072 Essex North Portland LLC/ Auto Europe LLC N/A The Boulos Co. 6 465 Congress St. Portland $7,000,000 84,180 Connecticut River Capital LLC/ 5 Monument Square LLC Investment Compass Commercial Brokers 7 500 Canal Plaza Lewiston $6,387,500 58,356 Little Canada LLC/ Franklin Properties One Inc. N/A The Boulos Co. 8 43 Northport Drive Portland $4,150,000 26,830 Auto Europe LLC/ L.L. Bean Inc. N/A The Boulos Co. 9 12 Sky View Drive Cumberland $4,000,000 41,525 Hardy Street LLC/ CGM Ventures LLC N/A The Boulos Co. 10 450 Payne Road Scarborough $3,775,000 21,000 Parkingway Management LLC/ Jenty LLC Investment Malone Commercial Brokers 11 24 State St. Biddeford $3,600,000 53,188 24 State LLC/ TNT Associates Townhouses F.O. Bailey Real Estate 12 1 Lincoln St. South Portland $3,210,000 12,000 & 28,500 1 Lincoln LLC/ Lincoln Street Materials & Packaging Investment NAI The Dunham Group 13 53 Wallace Avenue South Portland $3,140,000 36,705 3 Wallace LLC/ Wallace 53 LLC Investment NAI The Dunham Group 14 1041 Brighton Ave. Portland $2,991,443 24,150 All American Family LLC/ 1041 Brighton Ave. LLC Retail Porta & Co. Cardente Real Estate 15 30 Long Creek Drive South Portland $2,500,000 15,000 30 Long Creek Avenue LLC/ Thirty Long Creek Associates II LLC N/A The Boulos Co. 16 4 City Center Portland $2,400,000 11,260 BBC Holdings LLC/ Four City Center Properties LLC Investment Compass Commercial Brokers 17 90 Community Drive Sanford $2,350,000 45,000 Hussey Seating Companies LLC/ 90 Community Drive Inc. Owner/user NAI The Dunham Group 18 57 Center St. Portland $2,270,000 3,936 Casco View Holdings III LLC/ B & B Real Estate LLC N/A The Boulos Co. NAI The Dunham Group 19 15 Monument Square Portland $2,200,000 N/A 15 Monument Square LLC/ Bradley McCurtain Office/retail Maine Realty Advisors 20 142 Free St. Portland $2,100,000 19,158 Portland Museum of Art/ Children's Theatre of Maine Owner/user The Boulos Co. NAI The Dunham Group 21 1 Runway Road South Portland $2,050,000 71,000 M&M Ventures/ One Runway Road LLC Investment NAI The Dunham Group Maine's largest commercial property sales Ranked by sale price 1 Buyer PK Realty Management of South Portland formerly had most of its real estate holdings in California, but has turned its focus on Greater Portland. That included two industrial properties in South Portland, neither of which were listed. "It was real estate matchmaking," said broker Tom Moulton of NAI The Dunham Group. Hussey Seating Co. acquired this 45,000-square-foot industrial building as part of a multi-year, $8.2 mil- lion project to enhance manufacturing capabilities. The Sanford site is nine miles from Hussey's North Berwick headquarters. An off-market sale of a 5-story, 101- unit building known as Bayside Village Apartments, located in Portland's Bayside neighborhood. Built in 1909 and known as the Galt Block, this iconic brick- and-beam structure is strategically located on Portland's waterfront. Acquired by a Connecticut investor, Southwood Court Townhouses consists of a U-shaped 53,188-square- foot building with 34 two-bedroom townhouse units, eight three-bedroom townhouse units and a parking lot. The sale price is considered substantial for the Biddeford market. Purchased as a fully- leased 20,124-square- foot shopping center on 2.2 acres by a group of Massachusetts investors making their first foray into Maine. "I've always loved the Greater Portland market," said investor Mike d'Hemecourt. C O N T I N U E D O N P A G E 8 6 ยป