Justin Lamontagne Earns Prestigious SIOR Designation

We are pleased to announce that Justin Lamontagne has earned the prestigious Society of Industrial & Office Realtor’s (SIOR) designation. SIOR is the leading global professional office and industrial real estate association. Justin now becomes only the 5th broker in the state of Maine to carry both CCIM (Certified Commercial Investment Member) & SIOR honors.

Katie Millett Named 2017 REALTOR of the Year!

We are very pleased to announce that the Maine Commercial Association of REALTORS (MCAR) has named Katie Millett their 2017 REALTOR of the Year! Katie Millett joined NAI The Dunham Group in 2005.  Before joining the company, Katie practiced law concentrating primarily on real estate transactions.  Katie graduated from the College of Charleston in South… » Read more

Retail Market Update

The southern and central Maine retail markets remain healthy in 2017, although there is substantial future uncertainty in the anchor store sector. Overall vacancy continues to decline, averaging around 3.5%. This has been a steady trend as shopping center overdevelopment from the 2000’s has finally been absorbed. As a result of this vacancy, lease rates… » Read more

Office Market Update

Overall, the Greater Portland Office market remains stable. There are currently over 1.5MM square feet of office space available for lease in the Greater Portland market. While this sounds like a large number, the vacancy is primarily concentrated into several large buildings located along the Congress Street corridor. The approximate average asking lease rate for… » Read more

Industrial Market Update

The industrial market has continued its very strong pace this Spring, and there looks to be no slowing it down this Summer. We are working diligently to find new inventory to work with and create some opportunities for both landlords and tenants. The high demand and low inventory levels in the greater Portland area has… » Read more

Justin Lamontagne to Speak on NEREJ Summit Panel

On June 29th, New England Real Estate Journal will hold their 2017 Summit – Northern New England State of Commercial Real Estate at the Portsmouth Harbor Events & Conference Center. Justin Lamontagne will a part of the panel of speakers at this event! Register here. 

Maine Medical Center Purchases One Riverfront Plaza in Westbrook for $10.75 Million

Exciting news for downtown Westbrook! MMC purchased One Riverfront Plaza for $10.75 million. NAI Dunham Group’s Charlie Craig and NAI Hunneman represented the seller. Maine Medical Center plans to use the 131,000 square foot office building to house its integrated information services team and other administrative functions that are currently spread across eight office locations. Read… » Read more

Developer Making Changes to Former Wharf Street Nightclub Space

New owner/local developer, Fore Street Partners, is happy to welcome Higher Grounds Café to 45 Wharf Street. In January of 2016, the owner and its affiliated companies purchased approximately 50,000 SF of space on Fore and Wharf Streets and are committed to diversifying the tenant base and upgrading this block. Known as a popular street… » Read more