The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the disposition of a 32,000-square-foot retail building located at 87 Marginal Way in Portland, Maine to American Reality Capital II, LLC. The building is fully leased to Trader Joe’s, a specialty retail grocery store.
The free-standing building is conveniently located within a highly populated route along 1-295 providing direct visibility and excellent retail traffic. The building was previously occupied by Wild Oats Company which ceased operations at this location as a result of its merger with Whole Food Corporation.
“Our ability to secure and maintain a strong credited tenant like Trader Joe’s made this an attractive investment opportunity to potential buyers,” said Robert T. Schmitt, a Principal of The Hampshire Companies. “The strength of the tenant and the building’s location also made this an ideal investment for the buyer given the easy access from main roadways and strong retail traffic driven daily to the site.”
Chris Bosworth and Dan Greenstein of CB Richard Ellis represented The Hampshire Companies in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
R&J Public Relations