We recently negotiated the sale of a 114,448 SF retail building at 164 Longview Drive in Bangor, Maine. Home Depot sold the property, which was originally one of their retail stores for $3,550,000. New owners and development group, Saxon Partners, are a preferred developer for BJ’s Wholesale Club. The company will invest $11 million in the building and lease a majority of it to BJ’s. The renovations will divide the building into two retail spaces, with the BJ’s portion totaling 94,000 SF and the smaller space about 28,000 SF. Charlie Craig of NAI The Dunham Group and Excess Space brokered the deal on behalf of the seller and Atlantic Retail represented the buyers.
Contact Charlie Craig, for more details – 207-773-7100