Dunham in the News
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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…
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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…
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Creative Work Systems Purchases Lewiston Facility to Meet Growing Demand
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.
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Investor sees opportunity in two South Portland industrial sites
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.
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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…
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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…
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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…
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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…
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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!
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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.
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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.
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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…
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Office Market Update – Summer 2018
The Greater Portland Office market has continued at a steady pace in the first half of 2018; there are currently 1.5± MM square feet of office space available for lease. Rental rates have plateaued or dipped slightly depending on asset class and parking costs continue to rise, but when will tenants say enough is enough?…
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Investment Market Update – Summer 2018
The Southern Maine investment market remains robust. Out of state investors, 1031 tax deferred exchange transactions and historically low interest rates have all contributed to the continued strength of investment sales over the past year. CAP rates appear to have somewhat plateaued but remain historically low. Although the investment market sector remains strong, it is…
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Industrial Market Update – Summer 2018
After 20+ quarters of shrinking vacancy rates and rising lease prices, the Southern Maine industrial sector finally saw signs of slight market correction. Vacancy rates have risen for the first time in almost six years, albeit marginally. My current estimation is that the overall Greater Portland industrial vacancy rate is hovering near 2.5%, up from…