Cardente Commercial Real Estate Brokers Sale 84,000 +/- Square Foot Office Tower in Portland

August 23, 2013 in Articles

Author: Staff
Portland, Maine - One of the most well known commercial buildings of Portland's skyline, the Peoples United Building, sold yesterday for $5,550,000. The 10 story office building is located at 465 Congress Street in the Financial District and provides 84,000 +/- square feet of office/commercial space. Known by many as the Maine Bank & Trust Building, the the former bank was acquired by Peoples United in 2009. In the same year, a commercial investor out of Bangor, L.E. Springer Inc, purchased the building.  465 Congress Street sold yesterday to 5 Monument Square, LLC; also a commercial real estate investor and developer with major holdings in the Old Port and other areas throughout Greater Portland. Karen Rich, Partner & Vice President of Cardente Real Estate, represented the Seller in the sale and the Purchaser was represented by Steven Baumann of Compass Commercial Brokers.




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