Portland, ME — January 2026 — Davis Healthcare Real Estate announced the successful expansion and long-term lease extension of InterMed at 84 Marginal Way, a prominent Class “A” outpatient medical property located in Portland’s Bayside neighborhood. The transaction secures 102,557 square feet across 10 stories, including structured parking, under a new 16-year lease term.
Davis acquired the property in 2021 with a strategic business plan to convert existing general office space into medical use. This lease expansion and extension fulfills that vision, as InterMed, the building’s longstanding clinical user and one of Maine’s leading healthcare providers, now occupies 100% of the building.
Upon completion of InterMed’s expansion, the property will become the premier healthcare building in downtown Portland and serve as InterMed’s flagship location in the state of Maine. As part of this long-term commitment, InterMed will consolidate several existing clinical locations into the building, enhancing operational efficiency while delivering a centralized, state-of-the-art care environment for patients and providers.
The transaction reinforces Davis’s commitment to investing in high-quality, mission-critical assets and supporting essential healthcare infrastructure within the Portland market and around the country. InterMed’s long-term commitment underscores the strength of the location and the continued demand for outpatient clinical space in Greater Portland.InterMed was represented by the team of Katie Breggia and Tom Moulton of The Dunham Group.
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