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Portland affordable housing group acquires eastern waterfront property


LIHC Investment Group bought 144-152 Fore St. from Jackrabbit LLC for $8.3 million. 
Mac Simpson of Porta & Co. represented the seller and Joseph Porta of Porta & Co. represented the buyer. 
Located at the base of Munjoy Hill, the property comprises a 43,210-square-foot building on 1.54 acres. It was built in 1963 and renovated in 1990.
“We are excited to be a part of the revitalization of Portland’s historic Eastern Waterfront,” Andrew Gendron, a principal with LIHC Investment Group, said in a news release. “Over the past five years, we’ve watched businesses, employees and new sources of investment breathe new life into one of the city’s oldest neighborhoods. As a Portland-based company, we’ve been searching for more ways to get involved and found that opportunity in 144 Fore St.” ....

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