News: Brokerage

Boyle and Ewing of Colliers lease 70,132 s/f to Keller Warehousing

765 Warren Avenue - Portland, ME

Portland, ME Colliers negotiated a major industrial lease at 765 Warren Ave.

Jim Boyle and James Ewing of Colliers represented the tenant, Keller Warehousing & Co-Packing. The landlord, Warren Development II LLC and Chunky Monkey LLC, was represented by Gregory Boulos of The Boulos Company.

The transaction encompasses 70,132 s/f of industrial and flex space at 765 Warren Ave. The property is configured to support warehousing, distribution, and co-packing operations and is now fully leased. The building is also home to ATD (American Tire Distributors), a national distribution company, reinforcing the site’s role within the regional logistics and distribution network.

This transaction represents one of the larger industrial lease deals in the Greater Portland market, reflecting ongoing activity within Southern Maine’s industrial sector.

“This lease reflects continued demand for functional, well-located industrial space in Southern Maine. Properties that can support warehousing and logistics operations remain highly sought after, even in a more selective market,” said Boyle, associate with Colliers.

Boyle said, “Despite broader economic uncertainty, we continue to see industrial users prioritize space that supports operational efficiency and long-term growth. This lease underscores the strength of Portland’s industrial market and its role in regional supply chains.”

The co-location of a regional operator such as Keller Warehousing & Co-Packing alongside a national distributor like ATD further underscores the building’s functional appeal and the ongoing strength of the city’s industrial market.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.