The Shops at Long Bank in Kennebunk, an 88,000-square-foot retail complex off Route 1, has been sold for $6.925 million.
The sale was announced Wednesday by the buyer’s representative at Cardente Real Estate. Property Partners LLC is the buyer.
The complex, opened in 2007, is anchored by a Hannaford’s supermarket. According to the property’s listing, lease rates are approximately $14 per square foot.
The transaction was brokered on behalf of the seller by Mike Anderson of Paragon Real Estate and on behalf of the buyer by Greg Perry of Cardente Real Estate.
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