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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,… » Read more

10 & 20 Executive Drive

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… » Read more

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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… » Read more

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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 for $3,550,000. New owners and development group, Saxon Partners, are a preferred developer for BJ’s Wholesale Club. The company will invest $11 million in the… » Read more

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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 medical office space and will keep the BSA retail store as a tenant. Justin Lamontagne of NAI The Dunham Group brokered the sale on behalf of the BSA and consulted them on their retail need as well as their office relocation to Raymond, Maine. Andrew Ingalls of CBRE Boulos Company represented the buyers.

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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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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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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.