Commercial Real Estate News – Portland, Maine
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Company Photo : Circa 1993
Photo Circa 1993! “Long-term relationships, client trust, and a commitment to quality and performance” ….still continues to be the focus of our company today.
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Steel Fabricator Grows Across South Portland
Great article highlighting one of our clients – Casco Bay Steel. We represented Casco Bay Steel in their recent purchase of 1156 Broadway in South Portland. They plan to make renovations to the Broadway site (75,712 SF plant on 15.4 acres), which is the 3rd expansion property for the company. Bridge-steel-fabricator-grows-across-south-portland
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Justin Lamontagne on Panel for Business Breakfast Forum
Justin Lamontagne will be on the panel discussing the commerical RE market at the Press Herald’s next Business Breakfast Forum! Wednesday May 18th – Portland Public Library
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Brad Moll Appointed to Land for Maine’s Future Board
We are pleased to announce that Brad Moll was recently appointed to the Board of the State program; Land for Maine’s Future. This Governor-appointed board is the State’s primary funding vehicle for conserving land for its natural and recreational value. The Program works to coordinate and finance acquisition of lands. Through the use of matching…
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MaineLife Epsiode – Featuring TC & Justin
2 Dunham Group brokers in one episode! Check out last week’s episode of WGME 13’s MaineLife featuring TC Haffenreffer and Justin Lamontagne.
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Greg Hastings – Maine Icon
Greg Hastings looks at the Maine real estate market as if it were a puzzle that just needs to be put together, and it is a puzzle he’s solved many times since 1987. After all these years at the Dunham Group, Hastings says he’s still just as excited to get up and go to work in…
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Spectrum Medical Group buys 324 Cummings Road
We recently negotiated the sale of 324 Cummings Road in South Portland. The 15,800 SF medical office building sold to Spectrum Realty, LLC DBA Spectrum Medical Group for $2,013,000 by T+T Development. Spectrum is Maine’s largest multi-specialty, physician owned and directed professional organization comprised of over 200 physicians. Thomas W. Moulton, CCIM, SIOR and Katie…
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Bissell Brothers Expanding and Moving to Thompson’s Point
Congratulations to Bissell Brothers Brewing Co. on their big move to Thompson’s Point in Portland!! “We are excited to announce that in the second quarter of 2016 we will be moving our entire operation to the Brick North building at Thompson’s Point in Portland,” the brewery’s co-founders Peter and Noah Bissell said in a statement posted on the…
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Ocean Gateway Garage Sells for $13,100,000
We recently negotiated the sale of the Ocean Gateway Garage at 167 Fore Street in Portland, Maine. The 211,771± SF, 720-stall parking garage sold to 167 Fore Street, LLC for $13,100,000 by Portland Norwich Group, LLC. Frank O’Connor, CCIM, SIOR and Thomas Moulton, CCIM, SIOR brokered the deal.
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Ocean Gateway Site Sells for $20,000,000
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…
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Out-of-State Investor Buys Public Market Parking Garage
We recently negotiated the sale of the Public Market Parking Garage – a 243,000± SF garage on .88± acres at 315 Cumberland Avenue in Portland. The 590-stall parking garage sold to Northeast Investors, LLC for $7,950,000 by L.E. Springer, Inc. Tom Moulton, CCIM, SIOR brokered the deal on behalf of the buyer.
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Justin Lamontagne Earns Prestigious CCIM Accreditation
We are pleased to announce that Justin Lamontagne has earned the prestigious CCIM accreditation, an international membership comprised of the world’s top commercial real estate professionals. Awarded by the CCIM Institute, a Certified Commercial Investment Member is a recognized expert in the disciplines of commercial and investment real estate.
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Local Investor Buys 740 Broadway Retail Complex
NAI The Dunham Group and Paragon Commercial Real Estate recently negotiated the sale of 740 Broadway in South Portland. This 21,957 square foot neighborhood retail center sold to a local investor, 740 Broadway, LLC for $4,000,000. Sellers, J & J Co., LLC are also a local investment group who have owned the property since 2008,…
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Luxury Senior Community Coming Soon to South Portland
We recently negotiated the sale of 10 & 20 Executive Drive in South Portland. The 9.71 acre land parcel sold to RLC Portland Retirement Community, LLC for $4,000,000 by Affordable Midcoast Housing, LLC. The property will be developed by Resort Lifestyle Communities with plans to build a 128-unit, 55+ senior housing complex. The senior community…
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Local Developer Buys “Harmon’s & Barton’s” Building
We recently negotiated the sale of 582-584 Congress Street in Portland. The 7,772 SF retail and mixed-use building sold to Corner Freak, LLC by 584 Congress Street, LLC. The property was purchased by a local developer with plans to convert the upper two floors to his residence and keep the existing long-term commercial tenant on…