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.
Category: Dunham in the News
Large Industrial Building at 203 Read Street sold for $10 Million
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 Expands at Dana Warp Mill
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.
242,000 SF Facility at 7 Rand Road Sold to Brockway-Smith Company
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
“The Great Pause”
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.
Realities of the Market Today
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
Johnson & Co. will move into new headquarters with the sale of 180 US Route One in Scarborough
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
Southern Maine’s Industrial Real Estate Market has Been Historically Consistent
“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
Maine Brokers Making the Best of Virtual Real Estate
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 Sells Landmark Property at 142 Free Street, Portland
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