Wood Hill Realty Associates Acquires Retail Property In South Portland, ME For $20M

The retail property located at 198 Maine Mall Rd in South Portland, ME was recently sold. The property spans approximately 2.9 acres and has a total square footage of 118,422. The sale took place on January 28, 2022, and the property was purchased for a price of $20,000,000, resulting in a price per square foot of $169.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $20,000,000
• Address: 198 Maine Mall Rd, South Portland, ME
• Market: South Portland, ME
• Acres: 2.9
• Square Footage: 118,422

Wood Hill Realty Associates, LLC acted as the buyer in this transaction, while NECG Mallside BH, LLC served as the seller. Scott Schubert from Anagnost Realty & Development represented the buyer as their broker, and Mark Malone from Malone Commercial Brokers represented the seller.