Thompson's Point in Portland to be sold; Red Claws involved?

  • Mail this page!
  • Delicious
  • 0

PORTLAND — Twenty-five acres at Thompson’s Point are under contract to be sold.

But Tony Donovan, a broker at Fishman Realty Group, which listed the property, said he is not permitted to identify the potential buyer.

“I’ve signed a confidentiality agreement,” Donovan said.

Donovan said the property, which is owned by Thompson’s Point Inc., was listed for $9.9 million.

Maine Red Claws President Jon Jennings, meanwhile, would neither confirm nor deny persistent rumors that the NBA D-League team is interested in the property for construction of a new arena.

“I have no comment on that, as of now,” Jennings said last week.

Jennings said the team is seeing even greater demand for tickets this year than it did in its debut season a year ago, including a “dramatic increase” in group ticket sales. The Red Claws sold out all 24 home games last year.

Jennings said the team is happy with its current home at the 3,040-seat Portland Expo, which offers fans an intimate game experience.

“(But) we will always look at new opportunities,” he said.

Donovan said about two dozen small businesses are on Thompson’s Point. The property, across the Fore River from the Portland International Jetport, has several old warehouses, portable storage containers, construction debris and gravel roads.

It has been on the market since 2007, and is near the Congress Street exit on Interstate 295 and the Portland Transportation Center, which is a hub for interstate bus and passenger train service.

Donovan said a small parcel was recently sold to the Northern New England Passenger Rail Authority.

Patricia Quinn, executive director of the rail authority, said the land will be used to expand train tracks across Thompson’s Point Road and give mechanics more room to service the trains.

Donovan said parties involved with the 25-acre purchase are working hard to complete the deal.

“A lot of people are working on something that is really good,” he said.

Randy Billings can be reached at 781-3661 ext. 100 or rbillings@theforecaster.net

Sidebar Elements


Twenty-five acres on the Fore River near the Portland Transportation Center at Thompson’s Point are now under contract to be sold.

0