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Boston & New England  + New England  + Office  | 
The Boulos Company has arranged the $8.7-million sale of three buildings in Portland, ME between seller The Davison Trusts and buyer J.B. Brown & Sons

J.B. Brown & Sons Acquires $9M Three-Building Portfolio in Portland

The Boulos Company has arranged the $8.7-million sale of 1 & 13 Davis Farm Road in Portland, ME.  The three-building portfolio consists of more than 135,000-square-feet and sold in a partially off-market transaction.

Tony McDonald and Jon Rizzo of the Boulos Company represented seller The Davison Trusts, which redeployed the sale proceeds into other properties utilizing the 1031 Tax Deferred Exchange mechanism.

The Boulos Company’s Drew Sigfridson represented the buyer, J.B. Brown & Sons. According to the brokerage, the buyer was seeking development opportunities and value-add options and was attracted to the portfolio’s long-term rental income along with its size, scale and location on I-95.

The buildings were originally constructed on a “build-to-suit” basis for New England Telephone, which continues to occupy part of the property. 1 Davis Farm Road, a two-story 48,000-square-foot office building, will be converted into a shell for alternative development.


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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.

  • ◦Sale/Acquisition