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

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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

Berlin Mills Wharf

Berlin Mills Wharf Aquired By Chris DiMillo

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

WEX Corporate Headquarters

Ribbon Cutting Held Today for WEX’s New Portland Headquarters

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

66 Cove Street, Portland

Brewery Extrava Joins Portland’s East Bayside Brewery Scene

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 Expands Campus on Waterfront

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

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2019 Industrial Forecast

In case you missed the MEREDA Annual Forecast Conference, Maine Real Estate and Development Association has posted all the video content on YouTube. Here is Justin Lamontagne‘s industrial forecast!

WEX Set to “Come Home” to Portland in January

WEX’s new 105,000 SF waterfront headquarters is expected to be move-in ready by late January. The company will bring about 400 employees to the impressive building, which broke ground back in October of 2017. The new headquarters will bring WEX back to the city where the company started. Read the Portland Press Herald story here.

South Portland Waterfront Site

Historic Waterfront Portfolio Sells to Local Developer

Historic waterfront site next to South Portland’s Bug Light Park has passed from one family of developers to another. Thomas Moulton and Katie Millett brokered the sale. Read the Mainebiz story here.

Flowfold new HQ

Flowfold Acquires New HQ in Gorham

The rapidly growing outdoor and lifestyle brand, Flowfold, has acquired 16 Sanford Drive in Gorham. This 7,500-square-foot multi-tenant industrial building will serve as the company’s new headquarters. The move was prompted by consistent year-over-year growth and a need to keep up with expanding sales. Justin Lamontagne, CCIM, SIOR assisted in Flowfold’s site search and brokered… » Read more