Latest News + Transactions — Maine Commercial Real Estate

Sea Dog Brewing to open location in Scarborough

Sea Dog Brewing Co. has purchased 1 Cabela Boulevard in Scarborough, former home to Famous Dave’s Bar-B-Que, for its new location. The 6,115± SF retail building will undergo renovations before opening for business by early November. This will be the sixth location in Maine. “Scarborough is a great town and it’s growing. I see a lot of opportunity there,” said Fred Forsley, the company’s co-owner.

The $1.5M sale was brokered by Mark Malone of Malone Commercial Brokers.

To read the full article from MaineBiz, click HERE.

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East Brown Cow acquires Exchange Street real estate portfolio for $13M

Four downtown Portland buildings located on Exchange Street sold to East Brown Cow for $13.45M. The buildings comprise more than 79,000 SF in total and are mixed-use office and retail. “The owner's decision to sell these assets presented an ideal opportunity for the buyer to further develop their portfolio within the sought-after neighborhood of the Old Port while investing in the history and preservation of these three properties,” said Joe Malone. The sale closed on September 19, 2022 and was brokered by Joe Malone of Malone Commercial Brokers, Jim Harnden of Harnden Commercial Brokers and Avison Young.

To read the full article from MaineBiz, click HERE.

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Once abandoned, a historic repurposed church in Portland hits market for $3.7M

The nationally acclaimed Grace restaurant and event venue is now for sale! Included are the property, business and all furniture, fixtures and equipment.

Also known as the Chestnut Street Church, Grace is located at 15 Chestnut Street in Portland and sees over 50 wedding events a year along with dozens of other diverse occasions. Over 160 years old, it is listed on the National Register of Historic places and features early Gothic Revival architecture. With events booked well into 2023, this property & business combo is ideal for someone looking to take over a thriving business at a unique location.

To read the full article from MaineBiz, click HERE.

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