Congratulations to North River Roque, LLC on the acquisition of this 126,072 square foot property in Westbrook’s Five Star Industrial Park for $22.75 million. The property is 100% leased on a triple-net basis to Abbott Laboratories. TC Haffenreffer and Sylas Hatch from NAI The Dunham Group represented North River Roque, LLC. Jon Rizzo and John… » Read more
MaineHealth purchased this 34,587 SF building in Westbrook from Husson University for $4.65 million. Justin Lamontagne, CCIM, SIOR represented MaineHealth in the sale and says the search was started a few years ago. This building finally checked all their boxes. “It’s a single-story standalone flex building that lends itself to a lot of different potential… » Read more
We have expanded our annual industrial market survey to include Falmouth and are now tracking nearly 20,000,000 SF of industrial real estate in Greater Portland and Biddeford/Saco. The current overall vacancy rate is 2.79% which equals only 550,000 SF of available industrial inventory over the eight cities and towns our firm studies. And of that,… » Read more
We are now offering free commercial real estate valuations for any business or property owner who is required to quantify their asset value as part of the Covid-19 SBA relief application process. We have been inspired by the local business community, small and large, supporting one another, adapting and working to weather this great storm.… » Read more
Berlin Mills Wharf, at 400 Commercial Street, recently sold to Christopher DiMillo. The investment has a variety of potential uses including a restaurant with parking (something unheard of downtown). His immediate focus is on renovating the front building of the property along Commercial Street. Tom Moulton, CCIM, SIOR, Katie Millett, and Chris Craig brokered the… » Read more
Our 2019 Industrial Market Survey is here! Our annual survey is Maine’s only comprehensive study and inventory of the Greater Portland industrial market. Download your copy here!
Southern Maine’s multi-family investment market remains red hot as we are seeing many qualified buyers, both local and out of state, submitting purchase bids. Increased interest rates of approximately 100 basis points over their lows of a year ago have not produced the expected rising capitalization rates. This is primarily due to ever increasing investor… » Read more
New on the market! We are pleased to offer the The Children’s Museum of Maine building for sale. Located at 142 Free Street, this is a unique opportunity to own a historic piece of Portland. Read Mainebiz story here.
We are pleased to announce a new addition to our brokerage team! Sam LeGeyt joins us with experience in the Greater Portland office and investment markets. Prior to joining The Dunham Group, he was a broker at Harnden Commercial Brokers. Sam is a graduate of UNH’s Peter T. Paul College of Business and Economics and… » Read more
Here is a summary of the talking points from MEREDA’s annual Forecast Conference yesterday; 900 people were in attendance! Justin Lamontagne delivered his annual Southern Maine Industrial Forecast and unveiled our 2018 Industrial Market Survey. Download your own copy here!
