Greg Boulos News Today

<strong>FREEPORT</strong> — Maine entrepreneur Linda Bean has bought the former Bath & Body Works building across from the L.L. Bean flagship store in Freeport and plans to open a year-round destination restaurant that features local foods.<br /> <br /> The project will mark an expansion of Linda Bean’s Perfect Maine franchise, which includes cafes in Camden, Port Clyde, Portland and Delray Beach, Fla., lobster wharves in midcoast Maine and a processing pl...

The Central Maine Commerce Center changed hands earlier this month for $18.5 million, the largest commercial real estate transaction in the Augusta area since 2019.

The Central Maine Commerce Center changed hands earlier this month for $18.5 million, the largest commercial real estate transaction in the Augusta area since 2019.

The deal to sell the 317,400-square-foot Central Maine Commerce Center complex is especially notable given the nationwide work-from-home trend and a shifting capital markets environment that has seen higher borrowing costs.

The Locker Project rescues thousands of pounds of fresh fruit, vegetables, meat and bread that would otherwise go to waste every month.

Co-owner and CEO Jeff Buckwalter said it was time for the company to get back to meeting in person "and regain that synergy that Zoom meetings simply don't have."

The seller netted about $2 million. “We just connected the dots,” said one broker, whose client got a decent return from just four years ago.

“Greater Portland in particular and Maine in general are doing much better than many other places in the United States."

The Met has opened in Freeport, and OTTO Pizza has a new location in Yarmouth. But those are just two additions in a burst of activity on U.S. Route 1.

When industrial space in Scarborough became available to lease, a Vermont company jumped on the deal.