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Medical office building with stable tenants a winning combination for buyer


The buyer of a medical office building in the Stroudwater area of Portland was attracted to the prospect of Maine Medical Partners Dermatology as a long-term tenant and also views medical space as a stable asset.
Northland Enterprises of Portland bought 1601 Congress St. from OGH Realty LLP for $4.23 million. Sam LeGeyt and TC Haffenreffer from NAI The Dunham Group brokered the sale, which closed March 3.
The property, on outer Congress Street, comprises a 29,000-square-foot office building on 12.1 acres.
Maine Medical Partners Dermatology will start renovations to the first floor and plans to occupy the 10,000-square-foot space by early summer, according to a news release. ....

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Avesta campaign for critical-need senior housing enters final year


By Staff
Avesta Housing s $2 million three-year campaign to build affordable housing for seniors in areas where there s a critical need got a boost to begin its final year.
The Mascoma Bank Foundation, based in Lebanon, N.H., awarded a $15,000 grant to the Portland-based nonprofit s Silver Hearth Fund, which Avesta launched in 2019. The grant is the latest of 35 donations pledged to the campaign, which has raised $1.4 million and expects to hit its goal by the end of the year.
The Silver Hearth Fund fundraising initiative is focused on addressing the acute affordable housing needs of older adults living in Avesta’s market areas in Maine and New Hampshire. ....

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Tim Jalbert named chief financial officer at The Cedars


Tim Jalbert named chief financial officer at The Cedars
Portland senior care community The Cedars has tapped
Tim Jalbert as its new chief financial officer. A resident of Kennebunkport, Jalbert comes to The Cedars from CliftonLarsonAllen, where he served as a health care consulting manager. He is a forward thinking, technology-savvy certified public accountant who has been an innovator in software development to improve quality and revenue and enjoys using analytics to study future health care trends.
Amy Bell Segal
Amy Bell Segal has been hired by South Portland engineering firm Sebago Technics. Segal will take on the role of senior landscape architect/senior project manager, where she will manage a variety of projects on top of contributing to overall site planning and design. Segal graduated from Cornell University with a degree in landscape architecture, and she and her family are longtime Portland residents. After 28 years with Terrance J. DeWan & Associate ....

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