On September 25, 2009, the property at 362-382 Riverside Street, Portland was sold by the United States Postal Service to A. Hausmann Associates, Inc. (Art Girard). Greg Hastings, SIOR and Tom Dunham, SIOR from NAI The Dunham Group brokered the deal on behalf of the Seller and Buyer.

Located less than 1 mile from Exit 48 of the Maine Turnpike, the Riverside Street property consists of high bay warehouse, office, and mezzanine space totaling 80,000± SF on 9.6± acres. The owner is currently fixing up the property and offering it for sale or lease. The building is subdividable down to 9,000 SF with lease rates as low as $2.95/SF NNN. There is paved parking for over 170 vehicles. The property was originally constructed as a corporate headquarters for Nelson & Small in 1986. The USPS purchased the property in 1992 and redeveloped it for district administrative offices and a mail sorting/postal carrier division.

June 2009: Pratt & Whitney renewed their lease for 972,625± SF of manufacturing space at 113 Wells Street in North Berwick from Newkirk Seguine, L.P. Thomas Moulton, CCIM, SIOR from NAI The Dunham Group brokered the lease on behalf of Pratt & Whitney.

Pratt & Whitney, a United Technologies Corp. company, is a world leader in the design, manufacture and service of aircraft engines, industrial gas turbines and space propulsion systems. The company serves as a substantial employer for the area and has renewed their lease on a long term basis. The manufacturing and service building in North Berwick has been occupied by Pratt & Whitney for decades.

Brawn-Acker, LLC recently acquired a 29,000 square foot building at 600 County Road in Westbrook. The facility will be the new home of Titan Machine Products. Greg Hastings and Tom Dunham, industrial specialists at NAI The Dunham Group (www.dunham-group.com), brokered the sale.

Titan Machine Products (www.titanmpi.com) is a 72-employee company that manufactures complex components and assemblies, mostly for the defense and marine industries. This move allows Titan Machine to transition from two locations (Windham and Gorham), to one central hub with room for expansion. According to its owners Mark Acker and Jon Brawn, Titan Machine has expanded its business tenfold over the last five years, and they are poised to continue that growth.