Burlington, VT Nedde Real Estate recently negotiated two sales transactions totalling 26,327 s/f and seven leases transactions totalling 107,539 s/f.
• Fernando Cresta of Nedde Real Estate brokered the sale of 85 Prim Rd., Unit 302, 1,377 s/f, Colchester. Cresta, represented the seller Courcelle Real Estate Group, LLC and Kendra Kenney of Pomerleau Real Estate represented the buyer Stay Awhile, LLC.
• Nedde Real Estate negotiated the sale of 1 Jackson St., Essex Junction, a 24,950 s/f industrial building. Doug Nedde and Cresta brokered the sale to Fat Tire, LLC.
• Cresta leased 4,075 s/f of retail/flex space at 4066 Shelburne Rd., Shelburne, to 4066 Shelburne, LLC., Cresta, assisted the landlord Catamount/Shelburne, LLC and the tenant 4066 Shelburne, LLC
• Cresta leased 2,035 s/f of flex space at 4066 Shelburne Rd., Shelburne, to Raintree, LLC. Cresta, assisted the landlord Catamount/Shelburne, LLC and John Beal of V/T Commercial assisted the tenant Raintree, LLC
• Cresta leased 56,100 s/f of office and warehouse space at 1078 Avenue D, Williston, to New England Gypsum Supply, Inc. Cresta, assisted the landlord Burmont LLC and the tenant.
• Cresta leased 21,103 s/f of warehouse space at 133 Elm St., Winooski, to Spirit Logistic Network, Inc. Cresta, assisted the landlord Catamount/Riverside Company.
• Cresta leased 786 s/f of office space at 431 Pine St., The Maltex Building, Burlington, to Creative Office Pavilion. Cresta, assisted the tenant and Linda Letourneau of V/T Commercial assisted the landlord The Maltex Partnership.
• Cresta leased 940 s/f of office space at 75 Talcott Rd. Suite #30, Williston, to Moving Mountains Healing LLC. Cresta, assisted the tenant and Rick Harrison of J.L. Davis Realty assisted the landlord 75 Talcott Road, LLC.
• Nedde and Cresta leased 22,500 s/f of refrigerated space at 784 Hercules Dr., Colchester, to Agri-Mark, Inc. d/b/a Cabot Creamery. Nedde and Cresta assisted the landlord and the tenant.
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.
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.