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Docked fishing boats in front of colorful waterfront and progressively taller buildings in the background, leading to high rises in the far distance

Gulf of Maine Research Institute Buys Portland’s Union Wharf

The Gulf of Maine Research Institute has purchased Union Wharf, Portland’s oldest commercial wharf, from Proprietors of Union Wharf, Inc. The transaction was arranged on behalf of the buyer by Tony McDonald of The Boulos Company.

Union Wharf, consisting of 4.3 acres on Commercial Street, contains twelve buildings totaling 61,872 square feet. It has been owned by the Poole family for 160 years, which in March of 2021 began working with The Dunham Group to find “a like-minded entity to carry on the tradition of maintaining a working pier and a working waterfront.”

“For generations, the Poole family has felt very strongly about stewardship to Union Wharf and more broadly, to the working waterfront in the Port of Portland,” said Charlie Poole. “The Gulf of Maine Research Institute brings a very similar view of the working waterfront and the necessary commitment to maintaining the infrastructure to a very high standard.”

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The Boulos Company

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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