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.
Over the past year, the real estate market has been hot. Tom Moulton was one of the brokers on the $18.1 million transaction of 600 Sable Oaks Drive in South Portland that closed just before the COVID-19 emergency began. In this Mainebiz article, Tom and other brokers weigh in on the realities of the market today.… » Read more
Scarborough accounting firm Johnson & Co. will move into new headquarters with the sale of 180 US Route One in Scarborough. Tom Moulton, CCIM, SIOR and Katie Allen Millett represented the seller in this transaction. “It’s a perfect owner-user play,” Katie said. “The owner will occupy the smaller suite and lease out the remainder of the… » Read more
“Until the last two weeks, the industrial market in Southern Maine was humming along and I wrote the article below to reflect that. However, like the rest of the world, things have dramatically changed quickly. My sense is we will have at least a one to two month “pause” on the market. But once things… » Read more
Personal contact is key in real estate, but during this time of working from home and virtual meetings, brokers are trying to make the best of it. Justin Lamontagne is quoted in this Mainebiz article highlighting how our industry is adjusting to the virtual real estate world. “I’m interested in two fascinating trends that will… » Read more
Children’s Museum & Theatre of Maine sold their landmark property at 142 Free Street to the neighbor next door – the Portland Museum of Art. The sale allows the Children’s Museum to move forward with construction on their new 30,000 SF facility at Thompson’s Point. Chris Craig and Justin Lamontagne brokered the sale on behalf of the Children’s Museum… » Read more
Congrats to Creative Work Systems on the purchase of 430 Lisbon Street, Lewiston to accommodate their growth!! Justin Lamontagne and Greg Hastings represented them in this sale. Read the Mainebiz story by Laurie Schreiber here.
Great write-up about one of our client’s recent investments and their activity in Greater Portland! Read the Mainebiz story by Laurie Schreiber here.
Berlin Mills Wharf, at 400 Commercial Street, recently sold to Christopher DiMillo. The investment has a variety of potential uses including a restaurant with parking (something unheard of downtown). His immediate focus is on renovating the front building of the property along Commercial Street. Tom Moulton, CCIM, SIOR, Katie Millett, and Chris Craig brokered the… » Read more
It’s official. The ribbon has been cut at WEX’s waterfront headquarters! WEX will bring 400 new jobs to the city and the headquarters will accommodate the corporate office as well as the company’s global fleet, corporate payments and technology teams. The 102,000 SF office building, by developer Jonathan Cohen, was built by Cianbro. Read Mainebiz story… » Read more
A new Belgian-inspired brewery, Brewery Extrava, will join the hopping brewery scene in East Bayside this spring! The 5,000 SF space at 66 Cove Street will house the brewery as well as a 1,000 SF tasting room. Justin Lamontagne, CCIM, SIOR, Chris Craig, and Greg Hastings, SIOR brokered the lease. Read the full story… » Read more
Bangor Savings Bank’s newly built flagship campus has added another building to the home base. On February 11th, the bank purchased 36 Pleasant Street, a 28,780± SF waterfront office building from Gopher Hill Communications, LLC. TC Haffenreffer from NAI The Dunham Group represented the seller. David Hughes from Epstein Commercial Real Estate and David Latulippe… » Read more