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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.”
- ◦Sale/Acquisition
