Lynch Logistics Expands with 50,000 SF Lease in East Millinocket

Lynch Logistics expands with a 50,000 SF lease in East Millinocket. This new space will grow its footprint to more than 450,000 SF of indoor storage space, plus outdoor space across multiple sites. Congrats to Lynch Logistics and the Town of East Millinocket on this partnership! The lease was brokered by TC Haffenreffer, Sylas Hatch,… » Read more

Habitat for Humanity York County Purchases First Permanent Home

Congrats Habitat for Humanity York County on purchasing its first permanent home! 123 York Street in Kennebunk will house the nonprofit’s admin and construction offices as well as the Restore. Justin Lamontagne, CCIM, SIOR and Samuel LeGeyt brokered the sale. “Our mission is to create affordable housing opportunities,” said Amy Nucci, the Executive Director. “Now, more than ever, there’s a… » Read more

Investment Group Acquires Scarborough Frito-Lay Distribution Center

In an off-market deal, a local investment group purchases Scarborough industrial property from Frito-Lay to leverage its substantial expansion potential. TC Haffenreffer and Sylas Hatch from The Dunham Group brokered the sale. “The demand for quality industrial buildings is still very strong,” TC said. “The interest level is high and the market remains strong despite the substantial increase in… » Read more

100 Larrabee-Photo

Larrabee Complex Sold for $14.9M

After Rock Row was announced, the Larrabee Complex started seeing a lot more activity. When leasing it up was nearly complete, Frank O’Connor, CCIM, SIOR represented the seller in a recent $14.9M deal. Read the Mainebiz story here.

1020 Congress Street

Portland Physical Therapy to Expand at 1020 Congress Street

Congrats to M.A.C. Realty/Dr. Aaron MacArthur on this recent purchase of 1020 Congress Street in Portland! All three of his practices are growing, and this location will allow for the future expansion of Portland Physical Therapy. Justin Lamontagne, Tom Moulton, and Katie Allen from The Dunham Group brokered the sale. Read the Mainebiz story here.

Greater Portland Industrial & Office Market Mid-Year Review

We are pleased to release our Industrial & Office 2022 Mid-Year Review. This report is powered by the in-depth market knowledge of our team of brokers and their comprehensive internal database of commercial properties. The Mid-Year Review includes insightful analysis on the industrial market from Designated Broker and Partner Justin Lamontagne, CCIM, SIOR, and on… » Read more

2022 MEREDA Index

The 2022 MEREDA Index was recently released with our own Katie Allen contributing insights on the commercial sector. Often thought to be “the best baseline measure of Maine’s real estate market,” the MEREDA Index is a key economic indicator for the state of Maine. This edition of the MEREDA Index came in at 116.3, jumping… » Read more

TC Haffenreffer and Sylas Hatch Join Partnership at The Dunham Group

The Dunham Group is pleased to announce that brokers TC Haffenreffer and Sylas Hatch have been elected Partners of the firm. “Over the last decade, it’s been a real thrill to see TC and Sylas grow from brand new brokers to two of the preeminent investment brokers in Maine,” shares Designated Broker and Partner Justin… » Read more

Investing in the Future, The Dunham Group Empowers Its Brokers with More Data

Maine’s industrial real estate sector has been booming the past few years, with the pandemic only intensifying the demand for warehouse and manufacturing spaces. From craft breweries to cannabis to life sciences companies like Abbott Labs, Maine is host to some hot industries that are driving the market and the economy. The Dunham Group has… » Read more

Real Estate Highlights from MEREDA Conference 2022

See the Mainebiz real estate highlights from yesterday’s MEREDA Conference here. Our brokers Justin Lamontagne, CCIM, SIOR and Samuel LeGeyt presented the Industrial Market Review and Forecast….“We are mired in a supply and demand imbalance. Landlords have all the leverage and can be selective,” says Lamontagne. The vacancy rate in the industrial sector is a stifling 1.69%… » Read more

Industrial & Office Mid-Year Review

The Greater Portland overall industrial vacancy rate dropped below 2% for only the 2nd time ever, continuing a decade-long bull run in the industrial market. The statistics as of July 1, 2021, are astounding and confirm our anecdotal and transactional workload. Today the vacancy rate for over 20,000,000 SF of industrial space is a paltry… » Read more