South Portland, ME NAI The Dunham Group negotiated the sale of 82 Running Hill Rd. New York investors and father-and-son partners, John and George Cacoulidis, purchased the 4-story, class A office building under the name Time Management Corp. from Dead River 82 Running Hill, LLC.
The premier property is a 114,017 s/f building on 12.37 acres. Dead River Company will remain the building’s anchor tenant, and Fairchild/ON Semiconductor will stay as well. The building has a 13,000 s/f vacancy that is available for lease.
The Cacoulidis family portfolio also includes notable buildings such as Two Monument Sq. in Portland, 300 Southborough Dr. in South Portland, and the former Portland Press Herald printing press building in Portland.
Tom Moulton, CCIM, SIOR and Katie Millett from NAI The Dunham Group brokered the sale on behalf of the buyer. Charles Day of CBRE The Boulos Co. represented the seller. The deal closed January 18th.