Commercial Real Estate News – Portland, Maine
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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…
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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…
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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…
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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…
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CCIM New England Features Justin Lamontagne in Expert Series
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.
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2022 Greater Portland Industrial Market Survey
Our annual study and inventory of the industrial real estate market is now available! Download your copy here.
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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%…
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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…
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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
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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…
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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.
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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.
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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…
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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…
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Origin Labs Expands Nutritional Line with Purchase of North Jay Industrial Property
Tom Dunham brokered the sale of 1149 Main Street, a 60,000 SF industrial facility, in North Jay. With a strong desire to expand in Franklin County, Origin Labs purchased the property to expand the nutritional arm of the company. It will serve as warehouse and distribution for their Jocko Fuel line of drinks and supplements.…