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

Lot in Biddeford Could Transform into Food Truck Hot Spot

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

Agren Appliance Purchases New Auburn Headquarters

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

Volk Packaging Expand Operations with 85,640 SF in Sanford

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.

Quintessential Old Port Building Sold for $3.6 Million

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.

Medical Office Building at 1601 Congress Street Sold for $4.23 Million

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

Union Wharf

Call For Offers Begins on Union Wharf, Portland Waterfront’s Oldest

We opened a Call for Offers this week on this incredibly unique property. Portland waterfront’s oldest wharf, Union Wharf, is available for sale for the first time in its history. Contact listing brokers Chris Craig, Tom Dunham, SIOR & Greg Hastings, SIOR for more information. Read the Mainebiz story here. View listing details and brochure… » Read more

Dunham Group Logo

What’s trending in commercial development in 2021?

What’s trending in commercial development in 2021? These local experts talk about development with purpose, retail reboot, big box to industrial (from Justin Lamontagne), and more. Read the Mainebiz story here.

Construction Underway – Class A Industrial/Flex Building

Construction underway on a new Class A Industrial/Flex building at The Downs! Join Ducas Construction. 4,000 – 8,000 SF available and ready for occupancy June/July 2021. Contact Sam LeGeyt – sam@dunhamgroup.com  

287 Marginal Way

Skowhegan Savings to Open Portland Business Center on Marginal Way

Skowhegan Savings Bank will open its’ new Portland Business Center at 287 Marginal Way. The space will undergo a full renovation and is expected to open in April. The new location will cater to the bank’s growth in the southern Maine commercial sector. 287 Marginal Way provides easy access just off I-295, with dedicated parking… » Read more

5 Bradley Drive_Sale

North River Roque, LLC Acquires 5 Bradley Drive for $22.75 Million

Congratulations to North River Roque, LLC on the acquisition of this 126,072 square foot property in Westbrook’s Five Star Industrial Park for $22.75 million. The property is 100% leased on a triple-net basis to Abbott Laboratories. TC Haffenreffer and Sylas Hatch from NAI The Dunham Group represented North River Roque, LLC. Jon Rizzo and John… » Read more

MaineHealth Purchases 340 County Road, Westbrook from Husson University

MaineHealth purchased this 34,587 SF building in Westbrook from Husson University for $4.65 million. Justin Lamontagne, CCIM, SIOR represented MaineHealth in the sale and says the search was started a few years ago. This building finally checked all their boxes. “It’s a single-story standalone flex building that lends itself to a lot of different potential… » Read more