Commercial Real Estate News – Portland, Maine
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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…
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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…
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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…
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Development Group to Renovate Former Home Depot in Bangor
We recently negotiated the sale of a 114,448 SF retail building at 164 Longview Drive in Bangor, Maine. Home Depot sold the property, which was originally one of their retail stores…
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Boy Scouts of America Sells 131 Johnson Road Property in Portland
We recently negotiated the sale of a 13,907 SF office property at 131 Johnson Road in Portland, Maine. Pine Tree Council, Inc. (Boys Scouts of America) sold the property, which was originally developed as their corporate headquarters and retail store in 2006. New owners, 440 Western Avenue Associates, LLP plan to redevelop the property into…
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Disability RMS Finds New Home at 300 Southborough Drive
Disability RMS, the nation’s leading provider of turnkey disability risk management products and services, recently signed a 65,000+ SF lease at 300 Southborough Drive in South Portland.
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Molnlycke Health Care Breaks Ground on Wiscasset Expansion
We recently negotiated a sale leaseback for the 40,000± SF Molnlycke Health Care building in Wiscasset. The property, located at 11 Twin Rivers Drive will undergo a significant expansion totaling 32,000± SF to house more of the company’s manufacturing processes.
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Brad Moll Joins Our Industrial Team
We are pleased to announce a new addition to our industrial brokerage team. Brad Moll joins The Dunham Group after spending the last 22 years in the construction and property management industries.
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Maine Veterans Homes Purchase Land For New Headquarters
30 acre site sold to Maine Veteran’s Homes by Skowhegan Savings Bank at 450 Civic Center Drive in Augusta. Frank O’Connor, CCIM, SIOR brokered the sale, which closed on April 1st. Maine Veteran’s Homes will use the land to build a 25,000 SF administrative headquarters.
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Casco Bay Steel Purchases 114,720 SF Industrial Complex
Casco Bay Steel recently purchased a 114,720 SF industrial complex on 12.88 acres from P & W Real Estate Corporation at 1 Runway Road in South Portland. Tom Dunham, SIOR brokered the sale, which closed on April 1st.
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2-year Site Search and Analysis Leads Synergent to the Right Space
Synergent leases space at Pineland Office Campus for it’s new data processing and operations space need. Justin Lamontagne completed a 2-year site search and property analysis for Synergent leading to a 5,155 SF lease with plans to expand up to 15,000 SF over four years.
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Industrial Market Review & 2014 Forecast
Justin Lamontagne presented the Southern Maine Industrial Review & 2014 Forecast at MEREDA’s Annual Conference. See the full presentation here.
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Mark Sandler Earns NAR Broker Price Opinion Resource Certification
Mark Sandler has earned the nationally recognized Broker Price Opinion Resource certification.
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Mid Coast Hospital to Anchor Highland Green Commercial Development
10,906 SF medical office building to house Mid Coast Medical Group’s Topsham Adult Care Office.
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Real Estate Terminology
Deed vs. Title? Appraised value vs. Assessed value? Right-of-way vs. Easement? Click Here To Read Article