South Portland, Maine — Newmark has arranged the $19.8 million sale of Mall Plaza, a 153,576-square-foot shopping center in South Portland. The center totals 153,576 square feet and includes anchor Dick’s Sporting Goods and junior anchor Petco. Located across the street from Maine Mall, the property features five pad sites, four of which are occupied by Burger King, Verizon, Maine Community Bank and Friendly’s. The plaza was 83 percent leased at the time of sale. Robert Griffin, Jonathan Martin and Paul Penman of Newmark’s Boston Capital Markets team and Mackenzie …
Maine
Bangor, Maine — Marcus & Millichap has arranged the $12.5 million sale of a BJ’s Wholesale Club located in the central Maine community of Bangor. The building is situated on 13 acres and totals 91,828 square feet. Recent upgrades to the property include a complete interior and exterior renovation, and the addition of a new roof and a gas and propane filling station. The property is double-net-leased with scheduled rent increases every five years. Adam Cohen and Brett Kilar of Marcus & Millichap represented the undisclosed seller and procured the …
Scarborough, Maine — Developer Crossroads Holdings LLC is underway on the development of Town Center, a $300 mixed-use project located in Scarborough, roughly 10 miles southwest of Portland. Situated within The Downs — a larger, 577-acre redevelopment of a former horseracing complex — the project will include 320,000 square feet of retail space, 60,000 square feet of medical office space, 240 residential units and a boutique hotel, as well as various open green spaces. Construction began last fall. Wilder Cos. has partnered with Crossroads to manage marketing and leasing initiatives for the …
Freeport, Maine — Retail owner-operator Wilder Cos. has acquired Freeport Village Station, a 122,121-square-foot shopping center located in Freeport, roughly 20 miles outside Portland. L.L. Bean anchors the 3.6-acre property, which is situated across from the brand’s flagship campus. Other tenants at the center include Brooks Brothers, Old Navy, Coach, Famous Footwear, Lindt, Oakley, OshKosh B’gosh and Carter’s, Sunglasses Hut, Talbots, Sketchers and Francesca’s.
San Diego — EarthWise Pet has acquired Loyal Biscuit, a pet supply retailer offering healthy food for dogs and cats. The company has six stores operating in Bath, Belfast, Brewer, Rockport, Rockland and Waterville, Maine. A decision has not yet been made on whether the locations will be rebranded with the EarthWise name. San Diego-based EarthWise has over 150 locations open across the U.S.
Portland, Maine — Wilder has taken on the role of development partner at Rock Row, a 2 million-square-foot mixed-use property centered around a 26-acre natural stone quarry located in Portland. This move marks an expansion on the company’s involvement as retail merchandising specialist for the development. In conjunction with owner and developer Waterstone Properties, Wilder will oversee all new phases of development, including the addition of 1.6 million square feet of retail, dining, hotel, residential, office and entertainment space. Rock Row features 500,000 square feet of retail space, 400,000 square …
Rockland, Maine — Horvath & Tremblay has brokered the $13.5 million sale of Harbor Plaza, a 169,079-square-foot shopping center located in Rockland on Maine’s southern coast. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the seller and procured the buyer, both undisclosed, in the transaction. Shaw’s Supermarket, HomeGoods and Staples anchor the center, which was 92.8 percent leased at the time of sale. Other tenants include Olympia Sports, Rent-A-Center, H&R Block, Label Shopper and The UPS Store.
Portland, Maine — Cardente Real Estate has negotiated the sale of Brighton Avenue Plaza, a 24,150-square-foot retail center located at 1041 Brighton Ave. in Portland, for approximately $3 million. Greg Perry of Cardente represented the buyer, All-American Family LLC, in the transaction. Charles Day of Porta & Co. represented the seller, 1041 Brighton Ave. LLC. The property was built in 1988.
Westbrook, Maine — Cinemark Holdings Inc. will open a 12-screen venue within the Rock Row mixed-use development in Westbrook, Maine, a western suburb of Portland. The theater, which will be built from the ground up, is scheduled to open in spring 2021. All auditoriums will feature oversized recliners with footrests and cup holders, as well as wall-to-wall screens and enhanced sound systems. Rock Row, a 100-acre development by Waterstone Properties Group, features more than 1 million square feet of commercial and residential space, as well as a beer and food …