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
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
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.
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
Justin Lamontagne, CCIM will moderate the panel at this MEREDA event “Darkness into Light : Cannabis and its Impact on Commercial Real Estate in the Post-Prohibition Era” Originally held in Portland last February, this event will be held at the Cross Insurance Center in Bangor – June 13th! Register here.
Justin Lamontagne, CCIM and Greg Hastings, SIOR recently negotiated a 7,600 SF lease at 11 Mill Brook Road in Saco. Barrelled Souls Brewing Company leased the space to house their brewing operations. Customers can still enjoy their tasting room at 743 Portland Road, but the bigger space at 11 Mill Brook Road allows them to… » Read more
We would like to share the info below about Four Springs Capital Markets and their customized tax deferred exchange solutions for real estate investors: Four Springs TEN31 Xchange (FSXchange) is a real estate firm that provides customized tax deferred exchange solutions for real estate investors. As a subsidiary of Four Springs Capital Trust (FSCT), it… » Read more
Please reference this PDF for a full breakdown of the rules and parameters used in our Greater Portland Industrial Market Survey.
Please check out our new brand film, now displayed on our homepage, and learn about our client-based approach to real estate. Featuring these wonderful companies – American Roots, Casco Bay Steel, Fluid Imaging Technologies, and Saco River Dyehouse. A huge thank you to Black Fly Media for producing this fantastic video for us.
Tom Moulton and Tom Dunham recently represented VIP, Inc. in their purchase of 24 Harriman Drive in Auburn. This 15,350 square foot office building sits on 2.7± acres and is located off Kittyhawk Avenue. VIP purchased the property from Patrons Oxford Insurance. The building will soon be home to VIP’s new corporate headquarters. Featured in… » Read more