$57M sale of apartment complex in Freeport is Maine's largest commercial property deal for 2025
PHOTO / PETER VAN ALLEN
The Residences at Crosstree in Freeport recently sold for $57 million.
The $57 million sale of a 144-unit apartment complex at 2 Conway St. in Freeport is the largest commercial deal in Maine for the year, as ranked by Mainebiz’s 2026 Book of Lists.
The property was sold to Taymil Multifamily Investors VIII LLC by Mast Landing LLC.
Joseph Porta of Porta & Co. brokered the deal, representing both the buyer and seller.
The Residences at Crosstree was built on land formerly owned by L.L.Bean Inc.
It was one of a number of multifamily housing developments in the works in 2021, and is one of the largest apartment developments in Freeport in recent memory, with 144 units across six buildings.
The complex was a partnership between West Hartford, Conn.-based Simon Konover Co., Providence, R.I.-based KGI Properties LLC and Boston-based Devine Capital LLC.
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