The New Jersey owner of a major shopping center in Ellsworth has put it and two neighboring properties up for sale for nearly $8.2 million. The listing includes the Ellsworth Shopping Center on High Street, which is home to Shaw's, Renys, Family Dollar and other businesses.
The other properties in the listing are the building at 151 High St., which includes Martha's Diner and other businesses, and 175 High St., which houses Sterling Marine Supply, according to the Bangor Daily News. The properties are 20 acres in total and have 97,000 square feet of developed retail space, with additional space for development. Portland-based CBRE|The Boulos Co. is the broker.
Matt Van Loon inherited the properties after his father, James Van Loon, died in 2009. He told the paper his family is weighing options related to his father's estate and wanted to "test the commercial marketplace."