News: Front Section

CBRE | The Boulos Company completes multiple deals in Maine

CBRE | The Boulos Company completed the following deals: * Pettengill Learning Academy leased 10,336 s/f at 1 Atlantis Way, Lewiston, ME. The property was leased from landlord MRE, LLC. The building will be converted to a day care and early child learning center. Pettengill Academy will open in this location in October. The building was formerly occupied by TD Bank for back-office functions. Last year, local investor MRE, LLC purchased the vacant building and listed it for lease. Chris Paszyc, CCIM, SIOR, represented the landlord in the transaction. * Casco Bay Eyecare leased 3,976 s/f at 455 Fore St., Portland. Casco Bay Eyecare, an optometry group founded in 1998, has five Maine locations. This fall, they will move their Portland office from Middle St. to Two Portland Sq. Their new location will boast a prominent street-level retail presence at the corner of Fore and Union Sts. Andrew Ingalls represented the tenant in the transaction and Drew Sigfridson, SIOR represented the landlord, North River IV, LLC. * Veranda Thai leased 2,691s/f at 245 Commercial St., Portland. Veranda Thai will be opening in the former Salt Exchange location this fall, having signed a lease with landlord Casco View Holdings, LLC.Catie Cardner and Sigfridson represented the landlord in the transaction. * Painting with a Twist leased 3,840 s/f at Saco Valley Shopping Center. This will be the franchise's first Maine location. Painting with a Twist was founded in 2007 in Mandeville, LA, and there are 235 locations nationwide. Ty Hobbs arranged the transaction on behalf of the landlord, Saco Valley, LLC. * CVS State Capital, LLC purchased a redevelopment parcel from seller Gilmore Seafood. The buyer plans to construct a retail pharmacy on the site. Charles Day represented the seller.
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Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

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