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V O L . X X V I N O. X X X 76 BO O K O F L I S T S 2 0 21 R E A L E S TAT E Maine's largest commercial property sales Ranked by sale price 1 Vermont-based Redstone, which owns the State Theatre building in downtown Portland, bought 203 Read St. to offer leases that capitalize on southern Maine's sizzling hot industrial market. Brockaway-Smith, the seller, bought a building at 7 Rand Road in April for $12.8 million. C O N T I N U E D O N P A G E 8 6 » Maine's largest commercial property sales Ranked by sale price 1 Property location(s) 1 5 Bradley Drive Westbrook 2 10 Southgate Road Scarborough 3 203 Read St. Portland 4 14-70 Dusty Rhodes Lane Windham 5 144 Fore St. Portland 6 42 West Gray Road Gray 7 11 & 12 Lund Road Saco 8 2-4 Shape Drive Kennebunk 9 15-35 Starrett Drive Belfast 10 340 Country Road Westbrook 11 Dollar General Portfolio N/A 12 416-420 Fore St. Portland 13 23 Washington Ave. Scarborough 14 8-10 Alder & 361-367 Cumberland St. Portland 15 887 Forest Ave. Portland 16 13-17 Washington St. Sanford 17 31 Diamond St. Portland 18 5 Industrial Park Road Brunswick 19 128-132 Gray Road Gorham Sale price $22,750,000 $16,950,000 $10,000,000 $9,000,000 $8,300,000 $6,600,000 $5,850,000 $5,200,000 $5,025,000 $4,650,000 $4,584,059 $4,095,000 $3,600,000 $3,550,000 $3,050,000 $2,600,000 $2,500,000 $2,200,000 $2,100,000 Square footage or units 126,072 111,590 160,608 42 units 44,320 14,674 42,704 23,000 31,480 34,587 30,000 14,000 46,000 28 units 13,000 N/A 22,700 24,000 20,280 Buyer(s)/ Seller(s) North River Roque LLC/ Calare Properties Inc. Abbott Diagnostics Scarborough Inc./ Maine Medical DST 187-209 Read Street LLC/ Brockaway-Smith Co. Dusty Rhodes LLC/ Kettles Estates LLC 144 Fore St. LLC/ Jackrabbit LLC Dakota Bear Properties LLC/ Grayra LLC Shorelight Real Estate/ Sure Winner Foods CPI Kennebunk I LLC/ Kennebunk Medical LLC Remington Street Properties Maine LLC/ Belfast Marketplace LLC MaineHealth/ Husson University Pine20 LLC/ DMEP LLC SV West LLC/ 416 Fore Street LLC Washington 23 LLC/ ANM Enterprises LLC Alder and Cumberland LLC/ Ahab Investments LLC Sully's Real Estate LLC/ Rivendell Real Estate LLC Remington Street Properties Maine LLC/ Golden Spirit Realty Trust 31 Diamond St. LLC/ Federick LLC Midcoast Humane/ 5 Industrial Parkway LLC Teton Properties LLC/ Cressey Apartments Gray Road LLC Planned use Investment Owner occupied Investment Mulifamily Ofce N/A Industrial Ofce, retail Retail Pharmaceutical operations Investment Mixed-use Investment Multifamily Retail Mulifamily Industrial Ofce Investment Commercial real estate broker(s) NAI The Dunham Group The Boulos Co. CBRE The Boulos Co. NAI The Dunham Group NAI The Dunham Group F.O. Bailey Real Estate Porta & Co. Malone Commercial Brokers Horvath Tremblay The Boulos Co. The Boulos Co. Porta & Co. Maine Realty Advisors The Boulos Co. NAI The Dunham Group The Boulos Co. Newman Knight Frank The Boulos Co. Porta & Co. Compass Commercial Brokers NAI The Dunham Group F.O. Bailey Real Estate Vitalius Real Estate Group Porta & Co. Porta & Co. Keller Williams NAI The Dunham Group Keller Williams Porta & Co. JT Leahy Real Estate NAI The Dunham Group The coronavirus pandemic fueled the two biggest sales of the year — 5 Bradley Drive in Westbrook and 10 Southgate Road in Scarborough — as Abbott Diagnostics, the tenant in Westbrook and owner in Scarborough, ramped up production on COVID-19 tests.