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
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
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, 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.
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.
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.
30 acre site sold to Maine Veteranâ€™s Homes by Skowhegan Savings Bank at 450 Civic Center Drive in Augusta. Frank Oâ€™Connor, CCIM, SIOR brokered the sale, which closed on April 1st. Maine Veteranâ€™s Homes will use the land to build a 25,000 SF administrative headquarters.
Casco Bay Steel recently purchased a 114,720 SF industrial complex on 12.88 acres from P & W Real Estate Corporation at 1 Runway Road in South Portland. Tom Dunham, SIOR brokered the sale, which closed on April 1st.
Synergent leases space at Pineland Office Campus for it’s new data processing and operations space need. Justin Lamontagne completed a 2-year site search and property analysis for Synergent leading to a 5,155 SF lease with plans to expand up to 15,000 SF over four years.
Justin Lamontagne presented the Southern Maine Industrial Review & 2014 Forecast at MEREDA’s Annual Conference. See the full presentation here.