Category: Northern New England

Brunswick, ME Brunswick Town Holdings, LLC purchased a retail portfolio of buildings, totaling 25,181 s/f  in an off-market sale. The portfolio consists of 104 Pleasant St., 106–112 Pleasant St., and 275 Bath Rd.The portolio was sold by R.E. Management, Inc. for $5.25 million. The buyer is an out-of-state investor with ties to Maine, and the portfolio, which features a mix of tenants such as Pat’s Pizza, Dunkin’, Subway, and Groups Recover Together, hit all his investment goals.

The Greater Portland industrial vacancy rate has remained relatively stable since the last report at the end of last year, with a modest increase of 14 basis points to reach 1.91% as of July 1, 2023. The Dunham Group is pleased to present our mid-year update on the annual Southern Maine industrial market survey. The current statistics still indicate a robust market favoring landlords and property owners, although we did mention earlier this year that there are promising signs for tenants and buyers.

Nashua, NH Prolman Realty, Inc. brokered the sale of two investment properties located at 1 Main St. and 8 Auburn St. on behalf of One Main Street Professional Building, LLC. Mark Prolman, Prolman Realty, Inc. represented the seller, One Main Street Professional Building, LLC and Scott Walker, Premiere Properties represented the buyer, Bangor Savings Bank. 

Bridgewater, NH The most expensive home ever sold on Newfound Lake in Bridgewater closed July 14 for $8.82 million—more than $6 million over the previous highest sale. It marks a banner year for Lakes Region homes in the state. Susan Bradley and Kristin White, sales associates affiliated with Coldwell Banker Realty in Gilford, were the listing agents for 246 Whittemore Point Rd. North, which was only on the market 13 days before going under contract. 

Manchester, NH Colliers, a global leader in commercial real estate services, is pleased to announce Lamont, Hanley & Associates, Inc. leased 17,250 s/f at 186 Granite St. Doug Martin, of Colliers in Manchester, represented the landlord, Manchester Millyard Realty, LLC, and assisted the tenant in the transaction. “Lamont, Hanley & Associates has been a fixture in downtown Manchester for decades.

This year, I’ve gotten several questions, clarifications, and looks of confusion over exactly what New Hampshire Commercial Investment Board of Realtors (NHCIBOR) and New England Commercial Property Exchange (NECPE) do and how we’re different than other boards and property sites. Our core purpose is to advance the professionalism and service to our community’s property owners, from a commercial perspective.

Biddeford, ME Boston-based Finegold Alexander Architects completes the York Judicial Center along with governor Mills and many members of the Judicial Branch at the recent ribbon cutting. Finegold Alexander was selected to do the planning and design for the 118,000 s/f judicial center which consolidates four existing York County Courthouses into a single Judicial Center.

Brunswick, ME Knickerbocker Group purchased 21 Stanwood St. and will convert part of the 8,800 s/f space into an office. The current tenant, Women’s Fitness Studio & Spa, will downsize and remain in the building. Knickerbocker Group offers architecture, interior design, landscape architecture, construction, real estate, and property management services from offices in Boothbay, Portland, and soon, Brunswick.

Franklin, NH What started as a conversation with governor Sununu regarding deepening Easterseals NH’s long-term commitment to military service members, veterans and their families has evolved into a partnership with the state to provide a central hub for housing and a variety of services designed to give back to those who have given so much.

Barrington, NH Colliers has sold 528 & 532 Calef Hwy. for $1.15 million. The sale consists of 4.29 acres with three buildings totaling 5,514 s/f, known as Knight’s Garage and The Barrington Depot. Andrew Ward, of Colliers’ Portsmouth office, represented the seller, TRS Knight Family Rev Trust, and Deane Navaroli, of William & Reeves Commercial Real Estate, represented the buyer, Desaulniers Commons, LLC, in the sale.

Durham, NH Torrington Properties (Torrington) has acquired the Mill Road Plaza from Colonial Durham Associates for $8.8 million. The 10-acre Mill Road Plaza is the current home to Hannaford, Allegiant Physical Therapy, Appledore Family Medicine and Pediatrics, Domino’s Pizza, Mei Wei, Rite Aid and The Works Café. The Mill Road Plaza joins Torrington’s growing list of recent retail and commercial acquisitions and developments.

Scarborough, ME An affordable housing development will soon bring much needed independent living opportunities for disabled adults to one of the region’s fastest-growing hubs. Set to rise within a 524-acre mixed-use community known as The Downs, this new 51-unit fully accessible apartment building is designed by architecture and interiors firm. Gary Kane, principal with The Architectural Team (TAT)