Ocean Gateway Site Sells for $20,000,000

We recently negotiated the sale of the Ocean Gateway Garage and 1.3 acres of land on Fore, India, Hancock & Thames Streets in Portland, Maine. The waterfront development site and 720-stall parking garage sold to Portland Norwich Group for $20,000,000 by Ocean Gateway Garage LLC & LRAR LLC. The site is one of the only remaining… » Read more

Out-of-State Investor Buys Public Market Parking Garage

We recently negotiated the sale of the Public Market Parking Garage – a 243,000± SF garage on .88± acres at 315 Cumberland Avenue in Portland. The 590-stall parking garage sold to Northeast Investors, LLC for $7,950,000 by L.E. Springer, Inc. Tom Moulton, CCIM, SIOR brokered the deal on behalf of the buyer.

Justin Lamontagne Earns Prestigious CCIM Accreditation

We are pleased to announce that Justin Lamontagne has earned the prestigious CCIM accreditation, an international membership comprised of the world’s top commercial real estate professionals. Awarded by the CCIM Institute, a Certified Commercial Investment Member is a recognized expert in the disciplines of commercial and investment real estate.

Local Investor Buys 740 Broadway Retail Complex

NAI The Dunham Group and Paragon Commercial Real Estate recently negotiated the sale of 740 Broadway in South Portland.  This 21,957 square foot neighborhood retail center sold to a local investor, 740 Broadway, LLC for $4,000,000. Sellers, J & J Co., LLC are also a local investment group who have owned the property since 2008,… » Read more

Luxury Senior Community Coming Soon to South Portland

We recently negotiated the sale of 10 & 20 Executive Drive in South Portland. The 9.71 acre land parcel sold to RLC Portland Retirement Community, LLC for $4,000,000 by Affordable Midcoast Housing, LLC. The property will be developed by Resort Lifestyle Communities with plans to build a 128-unit, 55+ senior housing complex. The senior community… » Read more

Local Developer Buys “Harmon’s & Barton’s” Building

We recently negotiated the sale of 582-584 Congress Street in Portland. The 7,772 SF retail and mixed-use building sold to Corner Freak, LLC by 584 Congress Street, LLC. The property was purchased by a local developer with plans to convert the upper two floors to his residence and keep the existing long-term commercial tenant on… » Read more

Development Group to Renovate Former Home Depot in Bangor

We recently negotiated the sale of a 114,448 SF retail building at 164 Longview Drive in Bangor, Maine. Home Depot sold the property, which was originally one of their retail stores for $3,550,000. New owners and development group, Saxon Partners, are a preferred developer for BJ’s Wholesale Club. The company will invest $11 million in the… » Read more

Boy Scouts of America Sells 131 Johnson Road Property in Portland

We recently negotiated the sale of a 13,907 SF office property at 131 Johnson Road in Portland, Maine. Pine Tree Council, Inc. (Boys Scouts of America) sold the property, which was originally developed as their corporate headquarters and retail store in 2006. New owners, 440 Western Avenue Associates, LLP plan to redevelop the property into medical office space and will keep the BSA retail store as a tenant. Justin Lamontagne of NAI The Dunham Group brokered the sale on behalf of the BSA and consulted them on their retail need as well as their office relocation to Raymond, Maine. Andrew Ingalls of CBRE Boulos Company represented the buyers.

Molnlycke Health Care Breaks Ground on Wiscasset Expansion

We recently negotiated a sale leaseback for the 40,000± SF Molnlycke Health Care building in Wiscasset. The property, located at 11 Twin Rivers Drive will undergo a significant expansion totaling 32,000± SF to house more of the company’s manufacturing processes.