Atlantic Holdings, LLC purchased a 65,000 s/f land parcel at 26 Marginal Way. Formerly owned by the U.S. Postal Service and used for parking, the site is the last prime development site on Marginal Way. The sale transaction was brokered by Frank O'Connor, CCIM, SIOR from NAI The Dunham Group.
The purchased land parcel will be used for a future development site. The buyer has a vision to revitalize Bayside, a visible, but previously neglected area of Portland. This idea is well underway, as the buyer has already redeveloped sites on this section of Marginal Way (AAA, Intermed and Gorham Savings buildings).