C O M M E R C IA L REAL ESTATE
nen’s Club impire xpands
“A nd T he Seam en’s Club is just the beginning! In addition to the twin buildings on Fore, he has recently purchased 7 Exchange Street, next to the corner of Fore and Exchange. Tw o years ago he paid $ 2 5 0 ,0 0 0 for 3 7 3 Fore, the sister of the original Seam en’s Club. Last year he paid $ 5 0 0 ,0 0 0 for the Seam en’s building, a price that included the business. 3 7 7 Fore Street is co-owned by Eric Cianchette and D an Lilley. H e is leasing the second floor from them at present. Charles Fitzgerald, owner of the Bowl and Board chain, had owned the corner of Fore and Exchange but sold it to Portland attorney D an Lilley. Jo e plans to lease the second floor. A n upscale pizza parlor is planned for the first floor. T he corner will be renam ed 1 Exchange Place. “Real Estate has been crazy. T he other day som eone called me from K ennebunkport and offered me $2 million for the Seam en’s Club. It is not for sale. 1 bought 7 Exchange a few months ago for a half million. I plan to live in the Penthouse. T he building is fully occu pied and there is no plan to m ake any changes other than restoring the exterior.”
N 3SN 3.
A Kennebunkport resident recently offered Joe Soley $2 million for his newly restored Seamen’s Club. He turned him down.
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