We’re pleased to share that our brokers—TC Haffenreffer and Sylas Hatch—successfully represented the buyer in the off-market sale of a prime industrial property at 22‑48 Spiller Drive in Westbrook, which closed for $13 million. The property comprises of 134,000 square feet on 9.47 acres. Steve Baumann of Compass Commercial Brokers and Josh Soley from CORE represented the seller, Spiller Drive LLC.
With a strong anchor tenant—SIGCO, a subsidiary of Oldcastle BuildingEnvelope and a leader in architectural glass and metal fabrication—along with its strategic location and long-term investment potential, the asset checked all the boxes for the buyer, NRTI. NRTI is a joint venture between North River Company (based in New York City, with offices in Portland and Brunswick) and Two Island Real Estate of Portland.
This transaction reflects continued strength and confidence in Maine’s industrial real estate market—particularly for well-located, professionally backed properties. It also highlights The Dunham Group’s deep market knowledge and our ability to facilitate complex, high-value transactions—even off-market.