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… » Read more
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.… » Read more
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.
What’s trending in commercial development in 2021? These local experts talk about development with purpose, retail reboot, big box to industrial (from Justin Lamontagne), and more. Read the Mainebiz story here.
Skowhegan Savings Bank will open its’ new Portland Business Center at 287 Marginal Way. The space will undergo a full renovation and is expected to open in April. The new location will cater to the bank’s growth in the southern Maine commercial sector. 287 Marginal Way provides easy access just off I-295, with dedicated parking… » Read more
Congratulations to North River Roque, LLC on the acquisition of this 126,072 square foot property in Westbrook’s Five Star Industrial Park for $22.75 million. The property is 100% leased on a triple-net basis to Abbott Laboratories. TC Haffenreffer and Sylas Hatch from NAI The Dunham Group represented North River Roque, LLC. Jon Rizzo and John… » Read more
MaineHealth purchased this 34,587 SF building in Westbrook from Husson University for $4.65 million. Justin Lamontagne, CCIM, SIOR represented MaineHealth in the sale and says the search was started a few years ago. This building finally checked all their boxes. “It’s a single-story standalone flex building that lends itself to a lot of different potential… » Read more
Join Ducas Construction at their new headquarters in The Downs’ Innovation District! 4,000 – 8,000 SF of office and warehouse space for lease. Contact Sam LeGeyt for more information. Read the Mainebiz article about the sale of the lot and Ducas’ plans to build a 12,000 SF office and warehouse building.
Mainebiz: Do you have other acquisitions in mind for Maine? Joe Engelken of Redstone: Always! Before we even got to the closing table I was bugging Sylas [Hatch] to find me another deal. As I mentioned, we’re focused on growing our portfolio in Maine. Having a good relationship with brokers like Sylas and the NAI Dunham… » Read more
“Our process is Tom Moulton,” Packard said. Great article highlighting Tom & Katie’s client relationship with PK Realty, who recently acquired another Libbytown property at 1004 Congress Street. Read the full article at Mainebiz.
The Exchange Block in Bangor is available for sale as a 4-building package or individually. Contact TC Haffenreffer or Sylas Hatch for details. Read the Mainebiz article here.
187–209 Read Street LLC purchased this large industrial property at 203 Read Street from Brockway-Smith Co. for $10 million. Tom Dunham, SIOR, Greg Hastings, SIOR, Sylas Hatch, and TC Haffenreffer brokered the sale. The building is now available for lease. Read the Mainebiz article here.
American Roots recently leased an additional 6,500± SF of manufacturing space at the Dana Warp Mill, bringing their total space to 20,000± SF. This expansion comes after an incredibly successful pivot of their manufacturing efforts toward PPE. See the story featured in this Mainebiz article.
Tom Dunham, SIOR & Greg Hastings, SIOR represented the buyer, Brockway-Smith Company, on the sale of 7 Rand Road in Portland. This 242,000 SF facility sold for $12.8 million on April 1st. Brockway Smith will renovate the building and relocate to the facility. The property will be used for manufacturing and distribution of Brosco products… » Read more
Read this thoughtful perspective on Maine’s commercial real estate market today, written by our designated broker Justin Lamontagne, for the New England Real Estate Journal.
