We are pleased to announce that Brad Moll was recently appointed to the Board of the State program; Land for Maine’s Future. This Governor-appointed board is the State’s primary funding vehicle for conserving land for its natural and recreational value. The Program works to coordinate and finance acquisition of lands. Through the use of matching… » Read more
Category: Company News
Greg Hastings – Maine Icon
Greg Hastings looks at the Maine real estate market as if it were a puzzle that just needs to be put together, and it is a puzzle he’s solved many times since 1987. After all these years at the Dunham Group, Hastings says he’s still just as excited to get up and go to work in… » Read more
Spectrum Medical Group buys 324 Cummings Road
We recently negotiated the sale of 324 Cummings Road in South Portland. The 15,800 SF medical office building sold to Spectrum Realty, LLC DBA Spectrum Medical Group for $2,013,000 by T+T Development. Spectrum is Maine’s largest multi-specialty, physician owned and directed professional organization comprised of over 200 physicians. Thomas W. Moulton, CCIM, SIOR and Katie… » Read more
Bissell Brothers Expanding and Moving to Thompson’s Point
Congratulations to Bissell Brothers Brewing Co. on their big move to Thompson’s Point in Portland!! “We are excited to announce that in the second quarter of 2016 we will be moving our entire operation to the Brick North building at Thompson’s Point in Portland,” the brewery’s co-founders Peter and Noah Bissell said in a statement posted on the… » Read more
Ocean Gateway Garage Sells for $13,100,000
We recently negotiated the sale of the Ocean Gateway Garage at 167 Fore Street in Portland, Maine. The 211,771± SF, 720-stall parking garage sold to 167 Fore Street, LLC for $13,100,000 by Portland Norwich Group, LLC. Frank O’Connor, CCIM, SIOR and Thomas Moulton, CCIM, SIOR brokered the deal.
Out-of-State Investor Buys Public Market Parking Garage
We recently negotiated the sale of the Public Market Parking Garage – a 243,000± SF garage on .88± acres at 315 Cumberland Avenue in Portland. The 590-stall parking garage sold to Northeast Investors, LLC for $7,950,000 by L.E. Springer, Inc. Tom Moulton, CCIM, SIOR brokered the deal on behalf of the buyer.
Justin Lamontagne Earns Prestigious CCIM Accreditation
We are pleased to announce that Justin Lamontagne has earned the prestigious CCIM accreditation, an international membership comprised of the world’s top commercial real estate professionals. Awarded by the CCIM Institute, a Certified Commercial Investment Member is a recognized expert in the disciplines of commercial and investment real estate.
Local Investor Buys 740 Broadway Retail Complex
NAI The Dunham Group and Paragon Commercial Real Estate recently negotiated the sale of 740 Broadway in South Portland. This 21,957 square foot neighborhood retail center sold to a local investor, 740 Broadway, LLC for $4,000,000. Sellers, J & J Co., LLC are also a local investment group who have owned the property since 2008,… » Read more
Luxury Senior Community Coming Soon to South Portland
We recently negotiated the sale of 10 & 20 Executive Drive in South Portland. The 9.71 acre land parcel sold to RLC Portland Retirement Community, LLC for $4,000,000 by Affordable Midcoast Housing, LLC. The property will be developed by Resort Lifestyle Communities with plans to build a 128-unit, 55+ senior housing complex. The senior community… » Read more
Local Developer Buys “Harmon’s & Barton’s” Building
We recently negotiated the sale of 582-584 Congress Street in Portland. The 7,772 SF retail and mixed-use building sold to Corner Freak, LLC by 584 Congress Street, LLC. The property was purchased by a local developer with plans to convert the upper two floors to his residence and keep the existing long-term commercial tenant on… » Read more
Development Group to Renovate Former Home Depot in Bangor
We recently negotiated the sale of a 114,448 SF retail building at 164 Longview Drive in Bangor, Maine. Home Depot sold the property, which was originally one of their retail stores for $3,550,000. New owners and development group, Saxon Partners, are a preferred developer for BJ’s Wholesale Club. The company will invest $11 million in the… » Read more
Boy Scouts of America Sells 131 Johnson Road Property in Portland
We recently negotiated the sale of a 13,907 SF office property at 131 Johnson Road in Portland, Maine. Pine Tree Council, Inc. (Boys Scouts of America) sold the property, which was originally developed as their corporate headquarters and retail store in 2006. New owners, 440 Western Avenue Associates, LLP plan to redevelop the property into medical office space and will keep the BSA retail store as a tenant. Justin Lamontagne of NAI The Dunham Group brokered the sale on behalf of the BSA and consulted them on their retail need as well as their office relocation to Raymond, Maine. Andrew Ingalls of CBRE Boulos Company represented the buyers.
Disability RMS Finds New Home at 300 Southborough Drive
Disability RMS, the nation’s leading provider of turnkey disability risk management products and services, recently signed a 65,000+ SF lease at 300 Southborough Drive in South Portland.
Molnlycke Health Care Breaks Ground on Wiscasset Expansion
We recently negotiated a sale leaseback for the 40,000Â± SF Molnlycke Health Care building in Wiscasset. The property, located at 11 Twin Rivers Drive will undergo a significant expansion totaling 32,000Â± SF to house more of the company’s manufacturing processes.
Brad Moll Joins Our Industrial Team
We are pleased to announce a new addition to our industrial brokerage team. Brad Moll joins The Dunham Group after spending the last 22 years in the construction and property management industries.