We are pleased to announce that Justin Lamontagne has earned the prestigious Society of Industrial & Office Realtor’s (SIOR) designation. SIOR is the leading global professional office and industrial real estate association. Justin now becomes only the 5th broker in the state of Maine to carry both CCIM (Certified Commercial Investment Member) & SIOR honors.
Portland City Council Unanimously Approves Land Sale For Development of WEX’s Waterfront Headquarters
NAI The Dunham Group is pleased to announce that the Portland City Council unanimously approved the contract to sell the City-owned 1.1± acre parcel of land located at 0 Hancock Street to Jonathan Cohen of 0 Hancock Street LLC. The developer has an agreement to lease a new 100,000 square foot glass headquarters building to… » Read more
Katie Millett Named 2017 REALTOR of the Year!
We are very pleased to announce that the Maine Commercial Association of REALTORS (MCAR) has named Katie Millett their 2017 REALTOR of the Year! Katie Millett joined NAI The Dunham Group in 2005. Before joining the company, Katie practiced law concentrating primarily on real estate transactions. Katie graduated from the College of Charleston in South… » Read more
Retail Market Update
The southern and central Maine retail markets remain healthy in 2017, although there is substantial future uncertainty in the anchor store sector. Overall vacancy continues to decline, averaging around 3.5%. This has been a steady trend as shopping center overdevelopment from the 2000’s has finally been absorbed. As a result of this vacancy, lease rates… » Read more
Office Market Update
Overall, the Greater Portland Office market remains stable. There are currently over 1.5MM square feet of office space available for lease in the Greater Portland market. While this sounds like a large number, the vacancy is primarily concentrated into several large buildings located along the Congress Street corridor. The approximate average asking lease rate for… » Read more
Industrial Market Update
The industrial market has continued its very strong pace this Spring, and there looks to be no slowing it down this Summer. We are working diligently to find new inventory to work with and create some opportunities for both landlords and tenants. The high demand and low inventory levels in the greater Portland area has… » Read more
Justin Lamontagne to Speak on NEREJ Summit Panel
On June 29th, New England Real Estate Journal will hold their 2017 Summit – Northern New England State of Commercial Real Estate at the Portsmouth Harbor Events & Conference Center. Justin Lamontagne will a part of the panel of speakers at this event! Register here.
Maine Medical Center Purchases One Riverfront Plaza in Westbrook for $10.75 Million
Exciting news for downtown Westbrook! MMC purchased One Riverfront Plaza for $10.75 million. NAI Dunham Group’s Charlie Craig and NAI Hunneman represented the seller. Maine Medical Center plans to use the 131,000 square foot office building to house its integrated information services team and other administrative functions that are currently spread across eight office locations. Read… » Read more
Developer Making Changes to Former Wharf Street Nightclub Space
New owner/local developer, Fore Street Partners, is happy to welcome Higher Grounds Café to 45 Wharf Street. In January of 2016, the owner and its affiliated companies purchased approximately 50,000 SF of space on Fore and Wharf Streets and are committed to diversifying the tenant base and upgrading this block. Known as a popular street… » Read more
MEREDA Event : Cannabis and its Impact on Commercial Real Estate
Justin Lamontagne, CCIM will moderate the panel at this MEREDA event “Darkness into Light : Cannabis and its Impact on Commercial Real Estate in the Post-Prohibition Era” Originally held in Portland last February, this event will be held at the Cross Insurance Center in Bangor – June 13th! Register here.