Poland Crossing shopping center, left, at 1385 Maine St. in Poland has been purchased by JH Holdings from JTK Holdings. Poland Regional High School is in the background at right. Russ Dillingham/Sun Journal
This week the Buzz is selling and stat’ing.
First up: After a year on the market, the Poland Crossing shopping center at 1385 Maine St. in Poland has new owners who hope to soon have two new tenants.
JH Holdings bought the 19,893-square-foot, three-building plaza from JTK Holdings with Drew Sigfridson from The Boulos Co. representing the buyer and Patrick Casalinova and Kevin Fletcher of Keller Williams Realty the sellers.
Dunkin’, Subway, Family Dollar, Northeast Bank and Saco Bay PT are already there, leaving two vacant spots to fill, one for 1,661 square feet and one for 2,760 square feet.
Boulos is marketing those spaces as “a great opportunity for quick service restaurants, salons, convenience/liquor stores, health care users and more.”
JH Holdings purchased the Poland Crossing shopping center at 1385 Maine St. in Poland from JTK Holdings. Occupants include Dunkin’, Subway, Family Dollar, Northeast Bank and Saco Bay PT. There are two vacant spaces to fill. Russ Dillingham/Sun Journal
The new buyers, who are based locally with ties to Poland and Thompson Lake, according to a news release, sold a 2,235-square-foot building on St. John Street in Portland before buying Poland Crossing as part of a 1031 tax-deferred exchange.
“The sale of a small building and acquisition of three larger buildings is similar to a game-winning strategy in monopoly,” Sigfridson said. “This was an opportunity to sell a substantially appreciated asset and buy into a much larger property with more upside potential and significantly more annual income. The long-term prospects are excellent because the buyers know what is lacking in the Poland community and we will help fill the gaps in the market.”
SURVEY SAYS
The last few weeks have brought a motley mix of Maine-related survey results.
From NextVacay.com, Mainers scored six out of 10 on its tourist “politeness index,” a score of one being so rude.
The survey found Connecticut and Washington state scored a national low of four, Alaska a high of eight.
Maybe work on our manners, maybe don’t sweat it?
And from CreditNinja.com, the average Mainer starts panicking about retirement at age 29. The national average is 25.
Also from its survey: “One in five say the financial stress brought on by the pandemic has forced them to reassess the retirement age they had originally planned.”
Quick hits about business comings, goings and happenings. Have a Buzzable tip? Contact staff writer Kathryn Skelton at 689-2844 or kskelton@sunjournal.com.
Send questions/comments to the editors.
