Dover, NH DeStefano & Associates, Inc. completed the interior fit-up of 3,000 s/f consisting of employee support area and offices at the newly constructed Stonewall Kitchen warehouse off of Mast Rd. DeStefano & Associates, Inc. (DAI) has a long design and construction history with Stonewall Kitchen beginning in 2001. DAI was the appointed construction manager for Stonewall Kitchen’s headquarters campus in York, Maine, built over phases consisting of offices, retail, production, and four warehouses.
Founded in 1991 by partners Jonathan King and Jim Stott, the two established themselves selling jams and jellies at local farmers’ markets, fairs and festivals with their flavorful line of distinctive and high quality food items. Over time, they expanded their product line to include sauces, condiments, dressings and baking mixes. Today, Stonewall Kitchen is known for its innovative product development, packaging, retail spaces and customer service. It now boasts more than 6,000 wholesale accounts nationwide and internationally, thriving catalog and web divisions and 10 retail company stores along the East Coast.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.