MaineHealth splashes $16.8M on shopping center

Portland-based MaineHealth has acquired the Union Station Plaza shopping center in Portland in a $16.8 million deal, but said it has "no plans to develop the property at this time."

The health system said in a Dec. 15 news release that the cost of the acquisition is offset by the property's revenue-generating commercial leases.  

MaineHealth said the acquisition will help it and its flagship Portland-based Maine Medical Center "continue to meet the region's dynamic and growing healthcare needs." The plaza borders Maine Medical Center's new employee garage and an office building the hospital has leased long term. 

Jeff Sanders, MaineHealth's southern region president, said the health system intends to honor the business leases currently in place in the shopping center. 

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