CORE closes $2.919 million acquisition of three Old Port properties

Portland, ME CORE has completed the acquisition of three Old Port properties located at 363–371 Fore St. ($805,566), 373–375 Fore St. ($587,312), and 9–17 Exchange St. ($1,526,070). The transactions closed on March 4.

The properties were acquired by The Stonecutters LLC (363–371 Fore St.), The Langham LLC (373–375 Fore St.), and Thanos LLC (9–17 Exchange St.). CORE’s brokerage team facilitated the acquisitions on behalf of the purchasing entities.

“These are exceptional Old Port properties in one of Portland’s most dynamic districts,” said CORE president Josh Soley. “We’re pleased to have facilitated the acquisitions and to continue working with the ownership groups as we move into the next phase — developing the Fore St. buildings and managing the portfolio to ensure these properties remain vibrant parts of the neighborhood.”

The buildings occupy three locations in the Old Port. CORE will lead the development of the two Fore St. properties, guiding improvements that respect the historic character of the buildings while preparing them for continued use.

CORE’s management division will oversee property management for the portfolio, providing day-to-day operations and long-term stewardship. CORE’s integrated approach handles every aspect of property management in-house, from strategy to the hands-on maintenance.