Bangor Savings Expands Campus on Waterfront

Bangor Savings Bank’s newly built flagship campus has added another building to the home base. On February 11th, the bank purchased 36 Pleasant Street, a 28,780± SF waterfront office building from Gopher Hill Communications, LLC. TC Haffenreffer from NAI The Dunham Group represented the seller. David Hughes from Epstein Commercial Real Estate and David Latulippe of CJ Developers Inc. represented the buyer.

The former home of Berry Dunn, 36 Pleasant Street is a turnkey owner/user office property. It’s located along the Penobscot River and within walking distance to downtown, Waterfront Concerts, restaurants, and other amenities.

The Bangor Savings Bank campus has been Bangor’s largest development project in recent years, and the acquisition of 36 Pleasant Street is a positive indication for the further development and revitalization of Bangor’s downtown.

“When we think about Bangor and what can benefit the region from an employment standpoint, we know that further development of our waterfront campus is necessary,” Said Bob Montgomery-Rice, President and CEO of Bangor Savings Bank. “The purchase of 36 Pleasant St. works well with our long-term vision.  As the bank grows across Northern New England, our need for Bangor-based employees to support that growth will continue. No matter where we go, however, our commitment to the Bangor region is steadfast and this investment reiterates our intention to remain a Bangor-based company.”

Read the Mainebiz story here.