MaineHealth, which owns the neighboring Maine Medical Center, bought the property at Congress and St. John streets in Portland for $16.8 million.
The health care system said Thursday it has no plans to redevelop Union Station Plaza, which it acquired from Union Station Plaza LMT Partnership, according to news reports. The 110,000-square-foot plaza borders the health center’s newly constructed employee parking garage and office building leased by MMC at 222 St. John St., just east of downtown’s Libbytown neighborhood.
The purchase price is charged against the rental income of the property, the release said. Union Station Plaza, on the site of a historic train station that was demolished in the 1960s, is currently home to retailers including Maine Hardware, a Rent-A-Center furniture store and Buckdancer’s Choice, a musical instrument retailer in business since 1976.
Jeff Sanders, MaineHealth’s southern region president, said in the release, “This was a unique opportunity that we couldn’t pass up. This allows us to consider a long-term approach to meeting the health needs of our community and helps ensure the effectiveness of the investments we have already made in that area. We understand and respect the value of the properties and the businesses that rent to the area and the city, and we intend to honor the existing leases.”
MaineHealth has other real estate nearby, including sites for Pizza Villa and a D’Angelo’s sandwich shop. In 2020, MaineHealth purchased the former Greyhound bus station, across the street from St. John, and is developing the site into a food store to serve the community’s residents.
Bob Connor, former owner of Union Station Plaza, commented in the release: “We have many offers prior to listing the property for sale. I have owned the property for 30 years, and finding the right buyer was important to me. In MaineHealth, we have a local buyer with a positive impact on our community and a vision for the future that benefits all Mainers.”
MaineHealth is the largest health care system in northern New England, with 22,000 employees and 12 hospitals including the 700-bed Maine Medical Center.
« The past
The US is increasing its ban on the sale of military and surveillance technology to China