Portland affordable housing group acquires eastern waterfront property
LIHC Investment Group bought 144-152 Fore St. from Jackrabbit LLC for $8.3 million. Mac Simpson of Porta & Co. represented the seller and Joseph Porta of Porta & Co. represented the buyer. Located at the base of Munjoy Hill, the property comprises a 43,210-square-foot building on 1.54 acres. It was built in 1963 and renovated in 1990. “We are excited to be a part of the revitalization of Portland’s historic Eastern Waterfront,” Andrew Gendron, a principal with LIHC Investment Group, said in a news release. “Over the past five years, we’ve watched businesses, employees and new s...
Source: mainebiz.biz