Some deals come together quickly. Timing was on our side on this one. Pine Tree Recovery Center recently purchased a former Spurwink Services Inc. facility to establish a facility for individuals suffering from substance use disorder.
In a deal that closed Oct. 3, Spurwink sold 12 & 17 Bishop St. in Portland to Bishop Holdings LLC for $1.15 million. Greg Boulos and Vince Ciampi of CBRE|The Boulos Co. and Chris Sullivan of Vitalius Real Estate Group brokered the deal.
"There were a number of factors about this specific property that appealed to the buyer," Chris said. "The location was good, the existing use by Spurwink was going to streamline the licensing and permitting process for the new owners, and the current setup of the building would largely enable them to leave the second floor intact as administrative offices, so they would only have to renovate the first floor."
Find out more details about the deal here. Call Chris Sullivan for more details at 207-730-0884.