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V O L . X X V I N O. X X X 78 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 ยป C O N T I N U E D F R O M P A G E 8 4 1 Sales completed from July 1, 2020 to November 1, 2020 were considered for this list. This list was compiled by Timothy Doyle and previously unpublished. S O U R C E : Each firm via survey and press releases. East Millinocket closed on the former Great Northern Mill site in July seven years after the mill shut down, ending more than a year of negotiations. The town expects site cleanup to take 18 months, and is marketing the space as a complex for multiple industrial users. According to MEREDA's mid-year review in August, which tracks 20 million square feet of industrial space, the industrial market in southern Maine was thriving, with a vacancy rate of 2.97%. 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 20 1 Ledgeview Lane Bath 21 419 Hill St. Biddeford 22 77 Sherman St. Portland 23 33 Stone St. Augusta 24 498 Congress St. Portland 25 75 Scott Drive Westbrook 26 246 US Route 1 Scarborough 27 2257 West Broadway South Portland Great Northern Paper Mill East Millinocket 29 250 Anderson St. Portland 30 557 Riverside St. Portland 31 305 US Route 1 Yarmouth 32 249 Maine St. Lewiston 9 Willey Road Saco 34 4 Runway Road Scarborough 35 15 Pleasant Hill Road Scarborough $3,550,000 $3,050,000 $2,600,000 $2,500,000 $2,200,000 $2,100,000 $2,050,000 $1,950,000 $1,933,000 $1,625,000 $1,600,000 $1,575,000 $1,525,000 $1,450,000 $1,450,000 $1,400,000 $1,350,000 $1,314,000 $1,300,000 $1,300,000 $1,260,000 $1,212,750 28 units 13,000 N/A 22,700 24,000 20,280 24 unit 28,119 12 units 14,200 16,380 11,200 21,102 12,000 222,000 16,021 11,688 8,929 9,923 14,625 12,800 12,100 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 Whitebark Properties LLC/ MSP Properties Hill 419 LLC/ R. Martin Properties LLC Parkside Investment Group LLC/ True North Properties LLC North Country Investments/ Jedi LLC 498 Congress LLC/ Beaver Block LLC FHF Realty LLC/ Gaff Realty LLC Firehouse Ventures LLC/ Town of Scarborough Avesta Housing Development Corp./ Passage Properties LLC Town of East Millinocket/ Katahdin KI 50 LLC Drawing on Community/ Sleepy Hollow Development Sleepy Hollow Development/ Riverside Welders LLC Yarmouth Gateway LLC/ Maine Gateway LLC Eyes on Maine LLC/ Kenfred Enterprises LLC 9 Willey Road LLC/ Genco Properties LLC 4 Runway Road LLC/ Elk Ridge Properties LLC Thomas Properties LLC/ MSP Properties Multifamily Retail Mulifamily Industrial Ofce Investment Multifamily Investment Multifamily Multifamily Investment Bottled gas distribution Retail Ofce, warehouse Industrial Owner occupied Investment Investment Investment Industrial Investment Ofce 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 MSP Properties Malone Commercial Brokers Vitalus Real Estate Group Portside Real Estate The Boulos Co. Bean Group Commercial Broker Malone Commercial Brokers NAI The Dunham Group Malone Commercial Brokers Roxanne Cole Commercial Real Estate The Boulos Co. Malone Commercial Brokers The Boulos Co. NAI The Dunham Group Malone Commercial Brokers The Boulos Co. Porta & Co. NAI The Dunham Group F.O. Bailey Real Estate 1 Sales completed from July 1, 2020 to November 1, 2020 were considered for this list. 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