{"id":1004582818,"date":"2022-05-31T06:47:01","date_gmt":"2022-05-31T14:47:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004582818"},"modified":"2022-12-09T00:54:27","modified_gmt":"2022-12-09T08:54:27","slug":"remedy-pays-30m-for-portland-area-medical-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/","title":{"rendered":"Remedy Pays $30M for Maine Medical Campus"},"content":{"rendered":"
\"\"<\/a>

100 Foden Road<\/p><\/div>\n

Remedy Medical Properties<\/strong> has acquired a 76,672-square-foot medical campus in South Portland, Maine, for $29.8 million. East Brown Cow<\/strong> previously acquired the property in 2002 for $7 million, CommercialEdge data shows. Vitalis<\/strong> Healthcare Real Estate Analyst & Acquisitions Heather Haley advised the buyer on the off-market transaction.<\/p>\n

Completed in 1985, the campus spans 8.4 acres and comprises two low-rise medical office buildings and 299 parking spaces. On-site medical services feature radiology, cardiology, sports medicine and diagnostic imaging, among others.<\/p>\n

InterMed is the property’s anchor tenant; the physician-owned medical group occupies 80 percent of the total square footage under a long-term lease. The tenant roster also includes Chest Medicine Associates, according to CommercialEdge.<\/p>\n

Located at 100 Foden Road, the property is within 5 miles of South Portland city center, near interstates 95 and 295. Maine Medical Center and The Barbara Bush Children\u2019s Hospital are within 4.5 miles.<\/p>\n

Currently, Remedy Medical Properties owns more than 250 medical office buildings across several states, amounting to nearly 14.2 million square feet, according to CommercialEdge data. Last month, the company paid $91 million<\/a> for eight medical office buildings, totaling 177,000 square feet, that were acquired in partnership with Kayne Anderson Real Estate.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company’s portfolio spans nearly 14.2 million square feet across multiple markets.<\/p>\n","protected":false},"author":2703,"featured_media":1004582821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,21742,10],"tags":[36278,50434],"class_list":["post-1004582818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-latest","category-northeast","tag-medical-office-building","tag-remedy-medical-properties"],"acf":[],"yoast_head":"\nRemedy Pays $30M for Maine Medical Campus - CPE<\/title>\n<meta name=\"description\" content=\"Remedy Medical Properties acquired a medical campus in South Portland, Maine, from East Brown Cow. Vitalis advised the buyer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remedy Pays $30M for Maine Medical Campus\" \/>\n<meta property=\"og:description\" content=\"Remedy Medical Properties acquired a medical campus in South Portland, Maine, from East Brown Cow. Vitalis advised the buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-31T14:47:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:54:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1161\" \/>\n\t<meta property=\"og:image:height\" content=\"870\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Olivia Bunescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/\",\"name\":\"Remedy Pays $30M for Maine Medical Campus - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg\",\"datePublished\":\"2022-05-31T14:47:01+00:00\",\"dateModified\":\"2022-12-09T08:54:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9\"},\"description\":\"Remedy Medical Properties acquired a medical campus in South Portland, Maine, from East Brown Cow. Vitalis advised the buyer.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg\",\"width\":1161,\"height\":870,\"caption\":\"100 Foden Road\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Remedy Pays $30M for Maine Medical Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9\",\"name\":\"Olivia Bunescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72\",\"caption\":\"Olivia Bunescu\"},\"description\":\"Olivia Bunescu is a senior associate editor with Multi-Housing News and Commercial Property Executive and joined the team in 2022. With a B.A. in journalism and M.A. in Media Management, Olivia covers feature stories and interviews on student housing, SFR, coworking, office, design and marketing. She also hosts the Student Housing Unlocked and Step Into My Office podcast series. You can reach out to Olivia at olivia.bunescu@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/olivia-bunescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Remedy Pays $30M for Maine Medical Campus - CPE","description":"Remedy Medical Properties acquired a medical campus in South Portland, Maine, from East Brown Cow. Vitalis advised the buyer.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/","og_locale":"en_US","og_type":"article","og_title":"Remedy Pays $30M for Maine Medical Campus","og_description":"Remedy Medical Properties acquired a medical campus in South Portland, Maine, from East Brown Cow. Vitalis advised the buyer.","og_url":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-05-31T14:47:01+00:00","article_modified_time":"2022-12-09T08:54:27+00:00","og_image":[{"width":1161,"height":870,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg","type":"image\/jpeg"}],"author":"Olivia Bunescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/","name":"Remedy Pays $30M for Maine Medical Campus - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg","datePublished":"2022-05-31T14:47:01+00:00","dateModified":"2022-12-09T08:54:27+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9"},"description":"Remedy Medical Properties acquired a medical campus in South Portland, Maine, from East Brown Cow. Vitalis advised the buyer.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg","width":1161,"height":870,"caption":"100 Foden Road"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/remedy-pays-30m-for-portland-area-medical-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Remedy Pays $30M for Maine Medical Campus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9","name":"Olivia Bunescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72","caption":"Olivia Bunescu"},"description":"Olivia Bunescu is a senior associate editor with Multi-Housing News and Commercial Property Executive and joined the team in 2022. With a B.A. in journalism and M.A. in Media Management, Olivia covers feature stories and interviews on student housing, SFR, coworking, office, design and marketing. She also hosts the Student Housing Unlocked and Step Into My Office podcast series. You can reach out to Olivia at olivia.bunescu@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/olivia-bunescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/3217-e1653998840376.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004582818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2703"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004582818"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004582818\/revisions"}],"predecessor-version":[{"id":1004582904,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004582818\/revisions\/1004582904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004582821"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004582818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004582818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004582818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}