Outlook: The Greater Portland office market is still adjusting to the post-pandemic world. Although the major headlines from primary markets are scary and fear-mongering, Southern Maine is not poised for the bumpy rides you might see on the news or read about in the newspaper.
It has been a couple years since I have extolled the excellencies of the alluring, intriguing Interstate 495. I am prompted to do so today because of recent conversations I have had with out-of-market buyers. It is with increasing frequency that family offices and private equity groups
Greenwich, CT Cushman & Wakefield has arranged three lease renewals totaling 21,152 s/f at 55 Railroad Ave., a 139,000 s/f class A office building. Kensico Capital, a financial services firm, signed an 11,016 s/f lease. LoanCore Capital,
Newburyport, MA Lincoln Property Company (Lincoln) has brokered three industrial sale leasebacks in Massachusetts and Florida valued at $47.8 million. Rhino Capital Advisors acquired 3 Perkins Way in Newburyport for $25 million. Bradford & Bigelow, one of the top book printers for K-12,
Haverhill, MA R.W. Holmes negotiated a new 6,500 s/f office lease at 26 Parkridge Rd. Transformations Care Network, a national network of mental healthcare providers, leased the office space. R.W. Holmes senior vice president David Gilkie represented the landlord, Parkridge Partners LLC,
Leominster, MA O’Brien Commercial Properties, Inc. has secured a lease with Freight Farms at 56 Crawford St. Freight Farms is a Boston-based company supplying hydroponic growing setups for urban farming. They will occupy the entire site and 7,200 s/f warehouse building.
Holliston, MA Tyler DeWolfe of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 123 Washington St. The 38,000 s/f flex building is located on 2.5 acres and was sold to Quilling Card, a company that plans to occupy a large portion of the building.
Seymour, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., the following transactions have been completed. Fred Messore, broker and sr. vice president of Colonial Properties, Inc represented the seller
Westford, MA Bernard Gibbons, senior vice president of ABG Commercial Realty, facilitated a 3,000 s/f retail lease for Focal Point Design at the Orchard Square, located at 355 Littleton Rd. Focal Point Design is a full-service interior design firm dedicated to creating customized spaces
Portland, ME Another Round, owned by Harry Sultan, will be the city’s first board game bar and cafe when it opens at 549 Congress St. in late May. Sultan worked with Cheri Bonawitz and Karen Rich of Malone Commercial Brokers to secure the lease.
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