News: Northern New England
Posted: May 1, 2014
Malone Commercial Brokers negotiates three sales totaling $1.7 million and completes three leases - 47,050 s/f
Malone Commercial Brokers has completed the following transactions:
*1207 Forest Ave., Portland, restaurant building, sold to BVM Portland, LLC by Yue Holdings Inc. for $1.2 million. The deal, brokered by Joe Malone, CCIM, and Jennifer Small of Malone Commercial Brokers, closed on March 19. The property is now available for a ground lease or building lease. Malone is the listing agent.
* 17 Little Wing Ln., Gorham, 9,287 s/f warehouse/office on 1.95 acres was sold to 442 Ocean LLC by Little Wing LLC for $350,000. The deal, brokered by John Doyon, CCIM of Malone and Dale Holman of Keystone Real Estate, closed on March 31.
* 23 Durham Rd., Freeport, 3 acres with 598 s/f building, sold to Twain Holdings LLC by Christopher Noetzel for $150,000. The deal, brokered by Mark Malone, CCIM, of Malone closed on April 4.
* Hearst Properties Inc. leased 20,500 s/f of office space at 4 Ledgeview Dr., Westbrook. Admiralty Properties Inc. is the landlord. Doyon, and Steve Baumann of Compass Brokers handled the transaction.
* Cashstar leased 21,550 s/f of office space at 25 Pearl St. from 25 Pearl MHR LLC. Joe Malone and Small and Tony McDonald of CBRE/The Boulos Co. handled the transaction.
* Classic Poker Chips LLC has leased 5,000 s/f of warehouse and office space from JK Properties Inc. at 11A Gorham Industrial Parkway, Gorham. Doyon handled the transaction.
MORE FROM Northern New England
Milford, NH Hitchiner, in partnership with PROCON’s integrated design and construction team, has officially broken ground on a new 57,000 s/f shared services operations facility at its Elm St. campus. This building will house value-added services used across Hitchiner’s various business units,