News: Northern New England

Fletcher of Keller Williams Realty closes sales totaling $8.79 million

Kevin Fletcher,
Keller Williams Realty

Portland, ME Kevin Fletcher, CCIM, of Northeast Commercial Brokers at Keller Williams Realty brokered the following transactions totaling $8.79 million: 

• 757 Forest Ave., Portland – office building sold to Mystique Way LLC by the United States of America for $560,000. Fletcher and Christa Kelley of Apex Real Estate Group brokered the deal.

• 767 Forest Ave., Portland – retail building sold to Mystique Eay LLC by the United States of America for $370,000. Fletcher and Kelley brokered the deal.

• 45 Portland Road, Gray – office building sold to Bell Management LLC by TEE EM UP, Inc. for $200,000. Fletcher and Mike Cobb of Cardente Real Estate brokered the deal.

• 31 Hersey St., Portland – development site sold to Richard Harrison by the United States of America for $115,800. Fletcher and Joyce Frost of The Bean Group brokered the deal.

• 881-883 Forest Ave., Portland – office building sold to Maine Savings Federal Credit Union by the United States of America for $1.533 million. Fletcher brokered the transaction.

• 11 Danielle Dr., Windham – development site sold to J Hall Landscaping LLC by NED Properties LLC for $100,000. Fletcher and Victor Tedford of Magnusson Balfour Commercial at Keller Williams Realty brokered the transaction.

• 311 Lisbon St., Lewiston – retail building sold to Abdihakim Abdi by T&T Holdings Inc. for $47,000.  Fletcher and Patrick Casalinova of Northeast Commercial Brokers at Keller Williams Realty brokered the transaction.

• 197 Main St., Westbrook – development site sold to New England Real Estate Associates LLC by the United States of America for $285,000. Fletcher brokered the transaction.

• 34 Vannah St., Portland – mixed-use building sold to Greg Pirone by the United States of America for $400,000. Fletcher and Casalinova brokered the deal.

726 Forest Avenue - Portland, ME

• 726 Forest Ave., Portland – retail/office building sold to STC New England LLC by the United States of America for $975,000.  Fletcher brokered the deal.

• 785 Forest Ave., Portland – retail building sold to BANHA HUOT LLC by the United States of America for $405,000. Fletcher and Casalinova brokered the deal.

• 170 Brighton Ave., Portland – retail building sold to Kevin Nguyen by Ross-Monroe LLC for $525,000. Fletcher and Hoang Nguyen of Downeast Realty Partners brokered the deal.

• 937 Congress St., Portland – retail building sold to 937 Congress Street LLC by the United States of America for $395,000.  Fletcher and Casalinova brokered the deal.

• 408 Forest Ave., Portland – Retail building sold to RDP 408 LLC by the United States of America for $480,000. Fletcher and John Golden from Maine Realty Advisors brokered the deal.

• 26-28 Pearl St., Biddeford – Mill Building sold to Draft Room LLC by Riverdam Mill LLC for $975,000. Fletcher and Joe Porta from Porta & Co. brokered the deal.

• 815 Forest Ave., Portland – retail building sold to New Heritage Builders Inc by The United States of America for $432,000.  Fletcher and King Weinstein of King Real Estate brokered the deal.

• 865 Forest Ave., Portland – retail building sold to New Heritage Buildings Inc. by The United States of America for $1 million.  Fletcher and Weinstein brokered the deal.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary