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Boston & New England  + New England  + Office  | 

Maine Office Building Trades for $12M

Investment sales brokerage firm Stan Johnson Co. has brokered the $11.8 million sale of a single-tenant office building leased to Consolidated Communications in Portland, ME.

The three-story Class B asset totals 80,683 square feet and is located at 5 Davis Farm Road. The property was originally constructed in 1974 on 18 acres and has experienced several improvement projects over the last decade. Adjacent to Interstate 95, the asset is located just 15 minutes northwest of downtown Portland.

Chris Adams and Jim Gibson of Stan Johnson Co. represented the seller, Pizzagalli Properties, in the transaction. An individual investor from California represented by Josh Soley of Maine Realty Advisors acquired the asset.

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Inside The Story

Stan Johnson’s Adams

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition
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