Reveler Development recently acquired two commercial properties in Portland – 51-67 Hanover Street and 653-655 Riverside Street. The two properties add approximately 33,000 square feet of commercial space to Reveler’s portfolio. This acquisition represents a continuation of Reveler’s commitment to fostering sustainable growth and development within the community.
The 51-67 Hanover Street purchase was brokered by Joe Porta and Vince Ciampi of Porta & Company, representing the buyer and seller. The 653-655 Riverside Street purchase was brokered by Joe Porta of Porta & Company representing the buyer, and Kimberly Veilleux and Vince Ciampi of Porta & Company representing the seller. Both acquisitions were finalized as of February 1, 2024.
The acquisition was outlined in MaineBiz by Laurie Schreiber, with the full article available to view here and more details available below.
“51-67 Hanover St., in West Bayside, is a 14,400-square-foot mixed-use building on just under half an acre, plus a third of an acre paved parking lot.”
A longstanding commercial building, 51-67 Hanover Street is located in the heart of the Bayside neighborhood. The building is home to a range of commercial tenants, including popular local bakery, When Pigs Fly, and a coworking concept home to a selection of companies within the architecture, engineering, and construction services sector – including Barrett Made, Acorn Engineering, and KCMF.
“653-655 Riverside St. comprises two buildings totaling 19,260 square feet and a paved parking lot on 2.59 acres.
Situated along a prominent corridor, the buildings have multiple tenancies catering to industrial users and offered a compelling proposition characterized by its safety and low risk, said Kimberly Veilleux (Porta & Company).”
653-655 Riverside Street encompasses two connected industrial buildings located on the border of Westbrook and Portland. The buildings currently feature a diverse mix of tenants, ranging from an industrial automation company to consumer goods.
These new acquisitions will be managed by Reveler’s dedicated property management arm, Port Property, which has begun working with existing tenants in support of their continued occupancy. Learn more at www.portproperty.com.
