Dunham in the News
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Habitat for Humanity York County Purchases First Permanent Home
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,…
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Investment Group Acquires Scarborough Frito-Lay Distribution Center
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…
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Larrabee Complex Sold for $14.9M
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.
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Portland Physical Therapy to Expand at 1020 Congress Street
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.
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2022 MEREDA Index
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…
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CCIM New England Features Justin Lamontagne in Expert Series
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.
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Real Estate Highlights from MEREDA Conference 2022
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%…
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Lot in Biddeford Could Transform into Food Truck Hot Spot
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
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Agren Appliance Purchases New Auburn Headquarters
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…
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Volk Packaging Expand Operations with 85,640 SF in Sanford
Congratulations to Volk Packaging on leasing 85,640 SF at 1 Eagle Drive in Sanford from 43 North, LLC. TC Haffenreffer, Sylas Hatch, Greg Hastings, SIOR and Tom Dunham, SIOR brokered the lease. Volk will expand their operations at this new location and plans to hire 20 employees within the coming year. Read the Mainebiz story here.
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Quintessential Old Port Building Sold for $3.6 Million
10 Dana Street, a ‘quintessential’ Old Port brick building (with our office on the top floors!), recently sold to a local investor for $3.6 million. Chris Craig brokered the sale. Read the Mainebiz story here.
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Medical Office Building at 1601 Congress Street Sold for $4.23 Million
Northland Enterprises of Portland purchased 1601 Congress Street from OGH Realty Associates, LLP. This 29,000 SF medical office building sits on 11 acres in the Stroudwater area of Portland. Maine Medical Partners Dermatology is currently renovating the first floor and will join its medical tenant roster this summer! Dunham Group’s Sam LeGeyt, TC Haffenreffer, and…
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Call For Offers Begins on Union Wharf, Portland Waterfront’s Oldest
We opened a Call for Offers this week on this incredibly unique property. Portland waterfront’s oldest wharf, Union Wharf, is available for sale for the first time in its history. Contact listing brokers Chris Craig, Tom Dunham, SIOR & Greg Hastings, SIOR for more information. Read the Mainebiz story here. View listing details and brochure…
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Origin Labs Expands Nutritional Line with Purchase of North Jay Industrial Property
Tom Dunham brokered the sale of 1149 Main Street, a 60,000 SF industrial facility, in North Jay. With a strong desire to expand in Franklin County, Origin Labs purchased the property to expand the nutritional arm of the company. It will serve as warehouse and distribution for their Jocko Fuel line of drinks and supplements.…
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Maine Calling Episode : How the Pandemic Has Affected the Residential & Commercial Real Estate Market in Maine
Great conversation about how the pandemic has affected Maine’s real estate market on Maine Calling Friday. Local pros discuss the trends and changes and Justin Lamontagne hops in at minute 25:50 to share an update on the commercial sectors. Listen to the episode here.