South Portland, Maine — HFF has arranged the $16.5 million sale of and secured $12.6 million in acquisition financing for Mallside Plaza, a 98,948-square-foot shopping center located in South Portland, Maine.
The fully leased center is home to tenants including DSW Shoe Warehouse, Five Below, Guitar Center, Dollar Tree and Mattress Firm. The sale also included an outparcel single-tenant building net leased to Five Guys Burgers. Jim Koury of HFF marketed the property on behalf of the seller, Kimco Realty Corp., and procured the buyer, Northeast Capital Group. Porter Terry of HFF worked on behalf of the new owner to secure a 10-year, fixed-rate acquisition loan through Katahdin Trust Company.