Kittery, ME NAI Norwood Group completed the sale of 1.96 acres located at 275 U.S. Rte. 1. The site was the former home of Maine’s original outlet center.
Greg Whalen of NAI Norwood Group represented the seller, KTP Shops LLC, in the transaction. It closed on July 27, in the amount of $1.96 million.
The site will be the new home of a Hampton Inn and Suites. The 32,000 s/f retail building currently residing on the site will soon begin the demolition process. This project has been a long time coming, for it went under agreement nearly three years ago.