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
Justin Lamontagne was recently featured in the CCIM New England Chapter’s Expert Series discussing the current state of Maine’s industrial market. Watch the video here.
Our annual study and inventory of the industrial real estate market is now available! Download your copy here.
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
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
Vacant lot in downtown Biddeford could be transformed into a vibrant food court for food trucks! A Maine entrepreneur has submitted his proposal to city officials. Read the Press Herald story here. Photo by Carl D. Walsh, Press Herald
Congrats to Agren Appliance on the purchase of their new HQ at 11 Adamian Drive in Auburn! The company outgrew their former headquarters and this location was perfect for their future plans to build a warehouse/distribution facility on the adjacent land they already owned. Agren also recently purchased additional space to expand their South Portland location… » Read more
Congratulations to Volk Packaging on leasing 85,640 SF at 1 Eagle Drive in Sanford from 43 North, LLC. TC Haffenreffer, Sylas Hatch, Greg Hastings, SIOR and Tom Dunham, SIOR brokered the lease. Volk will expand their operations at this new location and plans to hire 20 employees within the coming year. Read the Mainebiz story here.
10 Dana Street, a ‘quintessential’ Old Port brick building (with our office on the top floors!), recently sold to a local investor for $3.6 million. Chris Craig brokered the sale. Read the Mainebiz story here.
Northland Enterprises of Portland purchased 1601 Congress Street from OGH Realty Associates, LLP. This 29,000 SF medical office building sits on 11 acres in the Stroudwater area of Portland. Maine Medical Partners Dermatology is currently renovating the first floor and will join its medical tenant roster this summer! Dunham Group’s Sam LeGeyt, TC Haffenreffer, and Sylas… » Read more
