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Boston & New England  + New England  + Healthcare  |  February 3, 2026
Paul Bubny
By: Paul Bubny

Medical Tenant Renews 100K-plus SF in Downtown Portland, ME

Minneapolis-based healthcare real estate firm Davis secured the expansion and long-term lease extension of InterMed at 84 Marginal Way, a prominent Class A outpatient medical property located in Portland, ME’s Bayside neighborhood. The full-building transaction secures 102,557 square feet across 10 stories and includes structured parking under a new 16-year lease term.

“The transaction underscores Davis’s philosophy of investing in high-quality, mission-critical assets and supporting essential healthcare infrastructure within the Portland market and around the country,” said Stewart Davis, EVP, Davis.

According to Davis, downtown Portland, an economic driver for the state, sits on a peninsula with very little available land around it. That and 84 Marginal Way’s status as one of the few buildings in the neighborhood with attached structured parking make it an attractive signature property, he added.

InterMed was represented by the team of Katie Breggia and Tom Moulton of The Dunham Group.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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