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| Mallside Plaza, 198 Maine Mall Road, South Portland, ME |
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| James Koury |
HFF marketed the property
on behalf of the seller, Kimco Realty Corp., and procured the buyer, Northeast
Capital Group of Rampo, New York.
Additionally, HFF worked on behalf of the new owner to secure a 10-year,
fixed-rate acquisition loan through Katahdin Trust Company.
Located at 198 Maine Mall
Road, Mallside Plaza has direct visibility from Interstate 95 and is adjacent
to the super regional Maine Mall, which extends the property’s trade area out
to 30 miles and more than 460,000 people.
The fully leased property is anchored by DSW
Shoe Warehouse, Five Below, Guitar Center, Dollar Tree and Mattress Firm and is
shadow-anchored by Dick’s Sporting Goods. The sale also included an outparcel
single-tenant building net leased to a top-performing Five Guys Burgers.
The HFF investment sales
team representing the seller was led by senior managing director Jim Koury.
HFF’s debt placement team
was led by senior director Porter Terry.
For more information on this news release, please
contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
.otcmarkets.com/stock/KTHN/quote.
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