By Laurie Schreiber, Mainebiz
The recently launched acquisitions division of Portland real estate firm CORE bought the Kittery Shopping Center, at 360 U.S. Route 1, as a value-add opportunity.
The 24,000-square-foot shopping center has six units; three of them are leased. The tenants are national clothing retailers Brooks Brothers and Talbots, along with Sustenance Herbs, a locally based organic pet food store.
“Repositioning this shopping center is an exciting opportunity to continue CORE’s contributions to Kittery’s thriving retail landscape,” said Frank Carr, director of CORE’s brokerage division. “This acquisition represents our commitment to revitalizing key properties across New England, and we look forward to seeing the positive impact this project will have on the local business community.”