Issue link: https://nebusinessmedia.uberflip.com/i/1543067
W W W. M A I N E B I Z . B I Z 11 F E B R UA R Y 9 , 2 0 2 6 F O C U S C O M M E R C I A L D E V E LO P M E N T Efficiency Maine offers no-cost, no-obligation virtual customer consultations. Sign up today at efficiencymaine.com/business-customer-consultation. Scan the QR code to access the link. Efficiency Maine offers incentives for qualifying efficiency upgrades in new construction projects, not just retrofits. Planning a New Construction Project? Talk with us about commercial HVAC incentives. By installing a high-efficiency HVAC system that qualifies for Efficiency Maine incentives, you can lower your up-front costs and save in the long run with reduced energy costs. BUYER: Taymil Multifamily Investors VIII LLC SELLER: Mast Landing LLC BROKER: Porta & Co. $57 million 2 CONWAY ST., FREEPORT — Apartment complex, 144 units S O U R C E : Mainebiz Book of Lists, individual years BUYER: Maine Public Broadcasting Corp. SELLER: East End Corp. BROKERS: Porta & Co., Malone Commercial Brokers $20 million 320 CUMBERLAND AVE., PORTLAND — Mixed use, 53,655 sq. ft. BUYER: 45 Commerce Drive Leasing LLC SELLER: Central Maine Commerce Center LP BROKER: Boulos Co. $18.5 million CENTRAL MAINE COMMERCE CENTER, 45 COMMERCE CENTER DRIVE, AUGUSTA — Mixed use, 317,400 sq. ft. BUYER: Port Property SELLER: Not disclosed BROKER: Porta & Co. $25 million 196 LANCASTER ST., WEST BAYSIDE PORTFOLIO, PORTLAND Mixed use, 180,000 sq. ft. BUYER: Gastonia LLC SELLER: Bayside Maine LLC BROKER: Porta & Co. $12.97 million 645 CONGRESS ST., PORTLAND — Mixed use, 56,410 sq. ft. BUYER: North River Roque LLC SELLER: Calare Properties Inc. BROKERS: Dunham Group, Boulos Co. $22.75 million 5 BRADLEY DRIVE, WESTBROOK — Mixed use, 126,072 sq. ft. BUYER: West Bayside Properties LLC SELLER: Blue Atlantic Portland LLC BROKER: Porta & Co., Boulos Co. $20.85 million 132 MARGINAL WAY, PORTLAND — Mixed use, 238,301 sq. ft. BUYER: River Place Properties LLC SELLER: River Place Development LLC BROKER: Hamden Commercial Brokers $33.25 million 1 RIVER PLACE, SOUTH PORTLAND — Apartments, 136 units BUYER: Jones Street Investment Partners SELLER: Not disclosed BROKER: CBRE | Boulos Co. $87.5 million 62 MACARTHUR CIRCLE, SOUTH PORTLAND — Apartment complex, 620 units BUYER: North River IV LLC SELLER: RREEF America REIT III-Z4 LLC BROKERS: CBRE | Boulos Co., Cushman Wakefield $66.1 million 1 & 2 PORTLAND SQUARE, PORTLAND — Office space, 225,000 sq. ft. total 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 When it comes to the largest commercial property sales Maine has seen, we have to go back nearly a decade to the sale of a South Portland apartment complex. The purchase price was $87.5 million, according to the 2018 Mainebiz Book of Lists based on deals from 2017. For context, we've seen construction investments today that are valued significantly higher. Mainebiz has reported, for instance, about a $500 million investment in the Maine Medical Center campus and the $400 million upgrade of the Sappi Paper mill in Skowhegan. But as far as commercial property sales, here are the largest ones of the past decade: