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July 17, 2019

Six downtown Lewiston properties sold for $6.39M

aerial view of lewiston Courtesy / The Boulos Co. An aerial view of downtown Lewiston, outlining the properties that sold for $6.39 million.

A portfolio of six downtown Lewiston properties has been sold for $6.39 million.

Little Canada LLC, controlled by Matt Hancock, bought the properties at 500 Canal St. from Franklin Properties and Franklin Property Trust, according to a news release Wednesday morning.

The portfolio comprises three fully-leased Class A office buildings, a leased lot containing a parking garage, and two vacant lots. The Boulos Co., which brokered the deal, says the portfolio has development potential for retail, office or residential uses. Initial development concepts are being considered by Hancock, according to the release.

“I’m thrilled to be invested in Lewiston — it’s a great community,” he said. “I’ve been looking for the right opportunity for some time.”

Hancock also owns properties in Waterville, Brunswick and Windham.

“The city of Lewiston is enthused that the Northeast Bank and FirstLight buildings, as well as other Southern Gateway holdings properties attracted the investment of an investor of the caliber of Matt Hancock,” said Lincoln Jeffers, Lewiston's director of economic development.

Tim Millett of Boulos represented the sellers. Jessica Estes of Boulos represented the buyer.

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