TM REAL INSIGHT MARKETPLACE PORTLAND MAINE
FIRST CLASS DEVELOPMENT OPPORTUNITY CASCO BAY OLD PORT FR A NK LIN ST COMMERCIAL ST CONGRESS ST CUMBERLAND AVE
T COMMERCIAL S T PREBLE S MONUMENT SQ GARAGE
executive summary In conjunction with RealINSIGHT Marketplace, Colliers International is pleased to offer the opportunity to purchase the fee simple interest in the Time and Temperature Building and Monument Square Parking Garage (the Property ) located at 477-481 Congress Street; 22 Preble Street and 45 Brown Street in Portland, Maine. The Property s unparalleled location in the heart of Monument Square, steps away from the vibrant Old Port, coupled with a surge in Portland commercial real estate and favorable in place zoning, creates an exceptional opportunity. The Time and Temperature Building is just a few blocks from many of Portland s top amenities, including the Old Port, the Cross Insurance Arena and hundreds of restaurants. Further value can be unlocked by expanding the building given existing structural capacity and zoning allowance. Significant value can be attained through the upgrade and management of the Property s 340 space parking garage. The Time and Temperature Building is ideal for developers in search of the location, visibility and physical specifications needed to create a first-class development in the best location in the city. MONUMENT SQ GARAGE
160K SF 14 STORY OFFICE TOWER STEPS AWAY FROM VIBRANT OLD PORT
investment highlights PANORAMIC VIEWS OF CASCO BAY CITY & SKYLINE bricks & mortar Over 160,000 gross square feet on 1.86 acres Fourteen Story Office Tower with panoramic views of Casco bay and the city skyline Attractive retail opportunities in existing retail space 340 Space Parking Garage with significant upside Significant capacity for additional floors by zoning code 340 SPACE PARKING GARAGE
RETAIL OPPORTUNITIES unparalleled location IN THE HEART OF MONUMENT SQUARE Prominent site at the intersection of Congress and Preble Streets, on Monument Square Within walking distance to Old Port, Casco Bay Ferry Terminal, Portland Art Museum, and all of the restaurants that have made Portland the nation s best restaurant scene. prime conversion opportunity Multifamily, office, and hotel are allowed under current zoning Unprecedented surge in demand for housing, both rental and for sale product Finished residential unit pricing levels at an all-time high In the heart of Portland s downtown, an excellent opportunity for an office headquarters
INVESTMENT SALES DOUG JACOBY, CRE, CCIM, MAI 617-330-8123 doug.jacoby@colliers.com SCOTT DRAGOS 617-330-8124 scott.dragos@colliers.com TONY HAYES 617-330-8058 tony.hayes@colliers.com DANIEL HINES 617-330-8083 daniel.hines@colliers.com MATTHEW CARDENTE Local Real Estate Contact Maine License #: DB905323 207-775-5677 matt@cardente.com TIM MULHALL 617-330-8066 tim.mulhall@colliers.com Colliers International I 160 Federal Street I Boston, MA 02110 I colliers.com TM REAL INSIGHT MARKETPLACE This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2018. All rights reserved.