410 Payne Road, Scarborough
Chilton Properties LLC sold the 17,753-square-foot retail building at 410 Payne Road to Pierce Family Properties LLC for $3.5 million.
Mark Malone of Malone Commercial Brokers worked with both buyer and seller in the off-market transaction.
“The buyer was an entity of Pierce Furniture (local), which has stores in the very near vicinity of this property,” Malone told Mainebiz. “It will be used as another furniture store.”
Read full MaineBiz story HERE.
Camp Pennant captures the essence of Maine summers, offering a unique experience with its brewery, distillery, and restaurant. Located on the waterfront, this beloved Maine business combines a relaxed, laid-back atmosphere with an incredible variety of locally crafted beers, spirits, and delicious food.
The sale includes a fully operational brewery and distillery that produces craft beers and spirits, all infused with the flavors of Maine. The restaurant features a full-service kitchen with a wood-fired pizza oven, serving up dishes made with fresh, local ingredients. Inside, there’s seating for 70 guests, and the waterfront deck accommodates 60 more, with breathtaking views of Portland's working harbor. There is also the opportunity to expand seating, making it a versatile location for private events or larger gatherings.
This is a rare chance to take over a well-loved business in a prime Maine location, just in time to take advantage of the busy summer season. If you're ready to step into this iconic Maine business, don’t wait!
For more details, contact Karen Rich at Malone Commercial Brokers.
After a decade-long search for a modern facility, Maine Public Broadcasting bought the former Portland Public Market, giving it a new space for studios, production facilities and public engagement.
The $20 million acquisition earned it a 2025 CoStar Impact Award for acquisition of the year for the Portland/South Portland market, as judged by real estate professionals familiar with the market.
Finding its previous location at 323 Marginal Way too cramped, Maine Public Broadcasting’s team considered multiple options, focusing on a new-build project. Rising construction costs shifted its strategy to finding an existing property that could meet its needs. The acquisition was funded in part through Maine Public Broadcasting’s “Building for the Future” capital campaign, raising more than $28 million of its $31 million goal.
The Libra Foundation built the 59,261-square-foot building in 1997, designing it as a unique timber-framed building using sustainable materials. It used Maine lumber in its construction, and its rubber roofing is white instead of black to make it more energy efficient during the summer.
As the Portland Public Market, it was a space for locals to gather, but a difficult economy led to its closure. It reopened as office space but was underused.
Main Public Broadcasting is planning a $15 million renovation of the property that will include adding soundproof studios, collaborative workspace and a venue for public activities. It also wants to host live performances similar to NPR’s “Tiny Desk” concert series.
The investment in the building is a forward-thinking move that ensures Maine Public Broadcasting has the space needed to accommodate both its current needs and future growth, said Joe Malone, president of Malone Commercial Brokers, which assisted the network in its search.
“This is a property that offers incredible value for Maine Public’s mission and its vision for the future,” he said.
About the project: Maine Public Broadcasting bought the former Portland Public Market at 320 Cumberland Ave. for $20 million to use as its new headquarters and recording studio. It’s planning a $15 million renovation of the space. Joe Malone and Luke Malone of Malone Commercial Brokers represented Maine Public Broadcasting, and Joseph Porta of Porta & Co. represented the seller, East End Corp.
What the judges said: The deal “should be transformative for the neighborhood,” said Joe Malone, founder and president of Malone Commercial Brokers.
The sale represents a “local organization cementing its future,” said Justin Lamontagne, partner and designated broker at Dunham Group.
They made it happen: Joseph Malone, president of Malone Commercial Brokers; Luke Malone, associate broker at Malone Commercial Brokers; and Joseph Porta, broker/manager at Porta & Co.
btone’s new home - 383 Commercial Street
Portland’s fitness scene is getting a new addition! btone fitness, a boutique studio specializing in low-impact, high-intensity workouts, is set to open at 383 Commercial Street. The 1,690± SF retail condo was recently sold by DPD Lot 3 LLC to 383 Commercial Street, LLC for $597,000. The deal was brokered by Joe Malone and Jennifer Small of Malone Commercial Brokers, representing the seller, and Brice O'Connor of The Boulos Company, representing the buyer.
With multiple locations across New England, btone fitness is known for its custom-designed resistance-based machines that deliver a full-body workout in just 45 minutes. Their method focuses on controlled, muscle-shaking movements that challenge strength and endurance—without the wear and tear of traditional high-impact workouts.
According to Jennifer Small of Malone Commercial Brokers, btone fitness is a perfect fit for the evolving landscape of Commercial Street.
“Portland’s waterfront continues to attract innovative businesses that align with the city’s active and health-conscious lifestyle,” she said. “383 Commercial Street provides the ideal space for btone fitness to thrive, offering visibility and accessibility in a dynamic downtown setting.”
As Portland’s waterfront district grows, more businesses are choosing this vibrant area to set up shop. Whether it’s fitness, retail, or dining, Commercial Street remains a sought-after destination for both entrepreneurs and customers alike.
Stay tuned for updates on btone fitness’s opening, and if you’re looking for commercial space in Portland, Malone Commercial Brokers can help you find the perfect fit.
MCB gathered with other colleagues from across Maine’s real estate and development industry at MEREDA’s annual Forecast Conference on February 27.
Brandon Mitchell shared his insights on deals done and future projects for York County in the Regional Outlook. Brandon was joined on the panel by Molly Briggs of Epstein Commercial and Kevin Fletcher of Keller Williams, with Roxanne Cole of Roxanne Cole Commercial Real Estate moderating.
Jenn Small moderated the Retail Outlook, featuring Taryn Trefethen from Brookfield Properties and Nick Margitza of WS Development. The informative presentation focused on how Maine’s unique consumer landscape is a complimentary mix of national brands and local tenants.
This annual meeting of the minds of remains a vital and important way to connect professionals working in the industry in order to contribute to the betterment of our Maine communities!
Ps. Brandon and Pete Harrington both got their chowder with no chowder thieves in sight! Chowdah gate remains closed!
