Northern New England

Cardente handles 1,960 s/f lease to Maine Needs

Portland, ME According to Cardente Real Estate, Maine Needs has leased 1,960 s/f of retail space located at 332 Forest Ave. This transaction was brokered by Katelyn Rice of Cardente and Katie Allen of Dunham Group which closed October 16th.  Maine Needs is a grassroot nonprofit, powered by a growing collective of volunteers. Noted as an official 501c3 in October, they strive to help individuals and families in Maine.

The Boulos Company completes 27 transactions in October in Maine

Lewiston, ME The Boulos Company completed 27 transactions in October totaling 76,964 s/f leased and over $4.2 million worth of property sold. Some of those transactions are below: • Eyes on Maine, LLC purchased a 9,923 s/f medical office building at 249 Main St. in Lewiston from Kenfred Enterprises, LLC. The buyer purchased the building as an investment property. The transaction was arranged by Chris Paszyc, CCIM, SIOR of Boulos.

Landry/French Construction completes $12 million Schooner Memory Care facility in Auburn, Maine

Auburn, ME Landry/French Construction, one of Maine’s leading commercial contractors, has completed Schooner Memory Care. Landry/French served as construction manager on the $12 million project. Located on an eight-acre site next to Schooner Estates, a senior living community on Stetson Rd., this new 47,600 s/f facility specializes in memory care and assisted living.  

CRE has many markets and not all are performing poorly - by Christian Stallkamp

Even in this new COVID life we still do run into people we know as we are not entirely secluded. It might be 6 feet apart but we’ll run into people at the grocery store, at soccer practices (yes these kids are playing with masks somehow and not passing out) or at our favorite restaurant for take out.  I’m surprised in how many comments I get about, work in commercial real estate, or, must be brutal.

Project of the Month: Pugliese Contracting completes 10,000 s/f addition at Windham Woods School on a four-month timeline

Windham, NH Windham Woods School, a non-profit private school for children with mild to moderate learning challenges in grades 1-10, recently completed a 10,000 s/f addition.  When Tom Murray of Pugliese Contracting became aware of the project in its conceptual stages, he offered to make significant donations of time and resources to help make this project possible. One hundred percent of the cost was covered through fundraising with over 103 donors. 

Jewett Construction celebrates beam-raising of 69-unit project

White River Junction, VT Jewett Construction hosted a beam-raising ceremony to commemorate the construction of a new 69 unit residential building on South Main St

Princeton Properties acquires 186 apartment units at two properties

Claremont, NH Princeton Properties, a privately held Lowell, Mass.-based real estate investment company, has acquired 143 of the 144 units located at Winter Street Apartments and 43 of the 48 units located at Brookside Apartments in Keene, N.H. Both acquisitions were purchased from affiliated entities

U-Haul to develop new facility in Williston, VT

Williston, VT U-Haul has purchased a commercial lot on Rte. 2. The 7.25 acre lot will accommodate U-Haul’s local store, vehicle rentals and mini self-storage units.  U-Haul purchased the lot from a new nine-lot subdivision created from one of the last undeveloped commercial

Brady Sullivan supports Solinsky Center for Cancer Care with $100,000 donation

Manchester, NH On September 9th, the newly opened Solinsky Center for Cancer Care was presented with a $100,000 donation from Brady Sullivan Properties (BSP) to further cancer care and treatment in the community. Arthur Sullivan, co-owner with Shane Brady of BSP, presented the check

Pascucci of SVN The Masiello Group handles $685,000 sale of two industrial units totaling 7,200 s/f

Londonderry, NH SVN The Masiello Group has completed the sale of 13 Delta Dr., units 9 - 10, a total of 7,200 s/f of high bay industrial space