Exchange Block

Exchange Block in Downtown Bangor for Sale

The Exchange Block in Bangor is available for sale as a 4-building package or individually. Contact TC Haffenreffer or Sylas Hatch for details. Read the Mainebiz article here.

Large Industrial Building at 203 Read Street sold for $10 Million

187–209 Read Street LLC purchased this large industrial property at 203 Read Street from Brockway-Smith Co. for $10 million. Tom Dunham, SIOR, Greg Hastings, SIOR, Sylas Hatch, and TC Haffenreffer brokered the sale. The building is now available for lease. Read the Mainebiz article here.

Mid-Year Review 2020

Industrial Market Mid-Year Review

We have expanded our annual industrial market survey to include Falmouth and are now tracking nearly 20,000,000 SF of industrial real estate in Greater Portland and Biddeford/Saco. The current overall vacancy rate is 2.79% which equals only 550,000 SF of available industrial inventory over the eight cities and towns our firm studies. And of that,… » Read more

American Roots Expands at Dana Warp Mill

American Roots recently leased an additional 6,500± SF of manufacturing space at the Dana Warp Mill, bringing their total space to 20,000± SF. This expansion comes after an incredibly successful pivot of their manufacturing efforts toward PPE. See the story featured in this Mainebiz article.

7 Rand Road

242,000 SF Facility at 7 Rand Road Sold to Brockway-Smith Company

Tom Dunham, SIOR & Greg Hastings, SIOR represented the buyer, Brockway-Smith Company, on the sale of 7 Rand Road in Portland. This 242,000 SF facility sold for $12.8 million on April 1st. Brockway Smith will renovate the building and relocate to the facility. The property will be used for manufacturing and distribution of Brosco products… » Read more

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“The Great Pause”

Read this thoughtful perspective on Maine’s commercial real estate market today, written by our designated broker Justin Lamontagne, for the New England Real Estate Journal.

Realities of the Market Today

Over the past year, the real estate market has been hot. Tom Moulton was one of the brokers on the $18.1 million transaction of 600 Sable Oaks Drive in South Portland that closed just before the COVID-19 emergency began. In this Mainebiz article, Tom and other brokers weigh in on the realities of the market today.… » Read more

Free Commercial Property Valuations for SBA Applicants

We are now offering free commercial real estate valuations for any business or property owner who is required to quantify their asset value as part of the Covid-19 SBA relief application process. We have been inspired by the local business community, small and large, supporting one another, adapting and working to weather this great storm.… » Read more