Porta & Co Brokers Arrange 20-Year Lease For Mixed-Use Property In Portland, ME

The recently closed transaction involves a mixed-use property located at 511 Congress Street and 48 Brown Street in Portland, ME. The property spans a total of 126,000 square feet and was offered for lease. The deal was facilitated by brokers Joseph Porta, Vince Ciampi, and Peter Gwilym from Porta & Co. The lease term for the property is set at 20 years.

Summary of transaction details:

• Property Type: Mixed-use
• Asking Rent: $18 per square foot
• Lease Term: 20 years
• Brokers: Joseph Porta, Vince Ciampi, and Peter Gwilym - Porta & Co

This transaction highlights the collaborative effort of the brokers involved, namely Joseph Porta, Vince Ciampi, and Peter Gwilym from Porta & Co. They successfully negotiated the 20-year lease agreement for the mixed-use property situated at 511 Congress Street and 48 Brown Street in Portland, ME. The lease was secured at an asking rent of $18 per square foot.