WEX is in final negotiations to lease a 200,000± SF suburban office building at The Downs, in Scarborough, Maine. This development is part of WEX’s mission to provide the best working environment for their employees. WEX moved into a beautiful new glass headquarters building on Portland’s waterfront last March. Charlie Craig, a Partner NAI The… » Read more
Congratulations to Maine Lobster Now on the purchase of 47 Spring Hill Road in the Saco Industrial Park! This new home allows the seafood processing and delivery business to continue their rapid growth. Justin Lamontagne, CCIM, SIOR brokered the sale. Read the Mainebiz story here.
NAI The Dunham Group is pleased to present, for the first time, a mid-year review and update to our annual Industrial Market Survey. 2018 marked the first “correction” we’ve seen since we began tracking market conditions in 2011. Many of our industrial clients and property owners have asked how the trajectory is looking this calendar… » Read more
Traditional retail, defined as Malls and shopping centers, are experiencing slow absorption of vacant space. It is the retail boxes 20,000 SF and up that are the most problematic. Adding to the inventory are recent storeclosures of Sears and their Kmart division, as well as the recent bankruptcy filing by Toys R Us that has… » Read more
We recently negotiated the sale of the Ocean Gateway Garage and 1.3 acres of land on Fore, India, Hancock & Thames Streets in Portland, Maine. The waterfront development site and 720-stall parking garage sold to Portland Norwich Group for $20,000,000 by Ocean Gateway Garage LLC & LRAR LLC. The site is one of the only remaining… » Read more