Lynch Logistics expands with a 50,000 SF lease in East Millinocket. This new space will grow its footprint to more than 450,000 SF of indoor storage space, plus outdoor space across multiple sites. Congrats to Lynch Logistics and the Town of East Millinocket on this partnership! The lease was brokered by TC Haffenreffer, Sylas Hatch,… » Read more
Congrats Habitat for Humanity York County on purchasing its first permanent home! 123 York Street in Kennebunk will house the nonprofit’s admin and construction offices as well as the Restore. Justin Lamontagne, CCIM, SIOR and Samuel LeGeyt brokered the sale. “Our mission is to create affordable housing opportunities,” said Amy Nucci, the Executive Director. “Now, more than ever, there’s a… » Read more
In an off-market deal, a local investment group purchases Scarborough industrial property from Frito-Lay to leverage its substantial expansion potential. TC Haffenreffer and Sylas Hatch from The Dunham Group brokered the sale. “The demand for quality industrial buildings is still very strong,” TC said. “The interest level is high and the market remains strong despite the substantial increase in… » Read more
After Rock Row was announced, the Larrabee Complex started seeing a lot more activity. When leasing it up was nearly complete, Frank O’Connor, CCIM, SIOR represented the seller in a recent $14.9M deal. Read the Mainebiz story here.
Congrats to M.A.C. Realty/Dr. Aaron MacArthur on this recent purchase of 1020 Congress Street in Portland! All three of his practices are growing, and this location will allow for the future expansion of Portland Physical Therapy. Justin Lamontagne, Tom Moulton, and Katie Allen from The Dunham Group brokered the sale. Read the Mainebiz story here.
The 2022 MEREDA Index was recently released with our own Katie Allen contributing insights on the commercial sector. Often thought to be “the best baseline measure of Maine’s real estate market,” the MEREDA Index is a key economic indicator for the state of Maine. This edition of the MEREDA Index came in at 116.3, jumping… » Read more
Justin Lamontagne was recently featured in the CCIM New England Chapter’s Expert Series discussing the current state of Maine’s industrial market. Watch the video here.
See the Mainebiz real estate highlights from yesterday’s MEREDA Conference here. Our brokers Justin Lamontagne, CCIM, SIOR and Samuel LeGeyt presented the Industrial Market Review and Forecast….“We are mired in a supply and demand imbalance. Landlords have all the leverage and can be selective,” says Lamontagne. The vacancy rate in the industrial sector is a stifling 1.69%… » Read more
Vacant lot in downtown Biddeford could be transformed into a vibrant food court for food trucks! A Maine entrepreneur has submitted his proposal to city officials. Read the Press Herald story here. Photo by Carl D. Walsh, Press Herald
Congrats to Agren Appliance on the purchase of their new HQ at 11 Adamian Drive in Auburn! The company outgrew their former headquarters and this location was perfect for their future plans to build a warehouse/distribution facility on the adjacent land they already owned. Agren also recently purchased additional space to expand their South Portland location… » Read more
