Dunham in the News
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New Listing: Children’s Museum of Maine Building at 142 Free Street
New on the market! We are pleased to offer the The Children’s Museum of Maine building for sale. Located at 142 Free Street, this is a unique opportunity to own a historic piece of Portland. Read Mainebiz story here.
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‘Layered’ Deal at Foden Road in South Portland
‘Layered’ deal at Foden Road in South Portland results in a commercial condominium agreement for Agren Appliance and Bedderrest. Read the summary by Mainebiz here. We are also listing the 10,500 SF former Thatcher’s space for lease!
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Industrial Vacancy Rate at All-Time Low
Greater Portland’s industrial vacancy rate is at an all-time low. Justin Lamontagne speaks with Mainebiz about this economic crisis.
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Annual Forecast Conference & 2018 Industrial Market Survey
Here is a summary of the talking points from MEREDA’s annual Forecast Conference yesterday; 900 people were in attendance! Justin Lamontagne delivered his annual Southern Maine Industrial Forecast and unveiled our 2018 Industrial Market Survey. Download your own copy here!
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Richardson Allen Building Manufacturing Facility in Mill Brook Business Park
Richardson Allen, high-end outdoor furniture makers, purchased a 3.81 acre lot in Mill Brook Business Park in Saco to construct a new manufacturing plant. They are expected to move into their new facility in January. Greg Hastings, SIOR brokered the sale. Read the Mainebiz story here.
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385 Congress Street – Former Press Herald Print Building – Sold
This highly visible part of downtown encompasses an entire city block, right next to City Hall. The 2.2± acre property consists of an industrial building (formerly the Press Herald print building), 2 parking lots, and another industrial building. Tom Moulton, CCIM, SIOR and Katie Millett brokered the sale on behalf of the seller, Metro Media…
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WEX and Cohen Break Ground on Portland Headquarters
WEX was welcomed to Portland by city officials and developer Jonathan Cohen in a groundbreaking ceremony held this morning. 1 Hancock Street is the site of the company’s new world headquarters. (Read Mainebiz story here). The WEX development project received final planning board approval from the City on October 4th. This one-of-a kind building will be Portland…
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Portland City Council Unanimously Approves Land Sale For Development of WEX’s Waterfront Headquarters
NAI The Dunham Group is pleased to announce that the Portland City Council unanimously approved the contract to sell the City-owned 1.1± acre parcel of land located at 0 Hancock Street to Jonathan Cohen of 0 Hancock Street LLC. The developer has an agreement to lease a new 100,000 square foot glass headquarters building to…
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Justin Lamontagne to Speak on NEREJ Summit Panel
On June 29th, New England Real Estate Journal will hold their 2017 Summit – Northern New England State of Commercial Real Estate at the Portsmouth Harbor Events & Conference Center. Justin Lamontagne will a part of the panel of speakers at this event! Register here.
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Maine Medical Center Purchases One Riverfront Plaza in Westbrook for $10.75 Million
Exciting news for downtown Westbrook! MMC purchased One Riverfront Plaza for $10.75 million. NAI Dunham Group’s Charlie Craig and NAI Hunneman represented the seller. Maine Medical Center plans to use the 131,000 square foot office building to house its integrated information services team and other administrative functions that are currently spread across eight office locations. Read…
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Developer Making Changes to Former Wharf Street Nightclub Space
New owner/local developer, Fore Street Partners, is happy to welcome Higher Grounds Café to 45 Wharf Street. In January of 2016, the owner and its affiliated companies purchased approximately 50,000 SF of space on Fore and Wharf Streets and are committed to diversifying the tenant base and upgrading this block. Known as a popular street…
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Barrelled Souls Brewing Co. Leases New Brew Operations Space
Justin Lamontagne, CCIM and Greg Hastings, SIOR recently negotiated a 7,600 SF lease at 11 Mill Brook Road in Saco. Barrelled Souls Brewing Company leased the space to house their brewing operations. Customers can still enjoy their tasting room at 743 Portland Road, but the bigger space at 11 Mill Brook Road allows them to…
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Cacoulidis Purchases 82 Running Hill Road
Tom Moulton and Katie Millett from NAI The Dunham Group recently negotiated the sale of 82 Running Hill Road in South Portland on behalf of the buyer. This 114,017± SF, 4-story Class A office building sits on 12.37 acres and is located in the Maine Mall area of South Portland. New York investors, John and…
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VIP Purchases Auburn Office Building for Larger HQ
Tom Moulton and Tom Dunham recently represented VIP, Inc. in their purchase of 24 Harriman Drive in Auburn. This 15,350 square foot office building sits on 2.7± acres and is located off Kittyhawk Avenue. VIP purchased the property from Patrons Oxford Insurance. The building will soon be home to VIP’s new corporate headquarters. Featured in…
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Augusta: Poised for Growth
One of our brokers, Andrew LeBlanc, was recently featured in the Kennebec Journal and Portland Press Herald discussing the revitalization of Augusta’s Downtown District, and how he is working with local property owners, investors, and businesses to help clients capture value from this unique opportunity. Check out the Kennebec Journal article here.