Category: Northern New England
DeWolfe of Greater Boston Commercial Properties sells 1.35-acre development site for $1.6 million
August 2, 2024
Scarborough, ME Tyler DeWolfe of Greater Boston Commercial Properties, Inc. represented the seller of 2 Ginn Rd. DeWolfe sold the 1.35-acre site for $1.6 million to Atlantic Regional Federal Credit Union which plans to construct a new brick and mortar credit
MAG Capital Partners buys KBS Builders’ 84,800 s/f manufacturing headquarters
August 2, 2024
South Paris, ME MAG Capital Partners purchased an 18.65-acre industrial property in a sale leaseback transaction with KBS Builders, Inc., a wholly-owned subsidiary of Star Equity Holdings.
Wilder hired to bring Scarborough’s downtown vision to life
August 2, 2024
Scarborough, ME Since 2006, the development of a true Town Center has been a goal of local residents and municipal leadership. Today, The Downs has formed a national strategic partnership that will bring the vision of a balanced Town Center to life. The Downs has joined
PROCON breaks ground on Duprey Hospitality’s Arts Alley
August 2, 2024
Concord, NH According to Duprey Hospitality ground has been broken for Arts Alley, a project celebrating the redevelopment of the area adjoining the Bank of New Hampshire Stage on South Main St. Scheduled for completion by April 1, 2025, this PROCON designed and built facility
Richards of Hay Runner appointed MEREDA president for 2024-2026
August 2, 2024
Portland, ME The Maine Real Estate & Development Association (MEREDA) has appointed Shannon Richards of Hay Runner, to president for 2024-2026.
Colliers sells Manchester office building for $1.2 million - site planned for multifamily conversion...
August 2, 2024
Manchester, NH Colliers has sold 1138 Elm St. This 16,555 s/f downtown office building, situated on 0.117± acres, was sold for $1.2 million, as recorded by the Hillsborough County Registry of Deeds.
Stebbins and Romano of The Boulos Company lease 4,500 s/f to CrossFit 321
August 2, 2024
Topsham, ME CrossFit 321 is relocating to 6 Center Park Rd., Unit #4. The newly constructed, 4,500 s/f space is an upgrade for the gym, which offers personal and small group training. They plan to be up and running in their new location this summer.
Downtown Realty sells 24-unit Lake
Street Apartments for $4.4 million
August 2, 2024
Nashua, NH Downtown Realty negotiated the closing of the Lake Street Apartments, located at 87-89 Lake St., for $4.4 million in June 2024. Matthew Lefebvre represented the seller and procured the buyer of this 24-unit garden-style apartment building.
MEREDA appoints Deering of NBT Bank and Dovich of TD Bank to board of directors
August 2, 2024
Portland, ME Jeremy Deering and Ron Dovich have been elected to the board of directors of the Maine Real Estate & Development Association (MEREDA).
Worthen joins Preti Flaherty’s real estate and finance practice group
August 2, 2024
Portland, ME Matthew Worthen has joined Preti Flaherty as a director in the firm’s real estate and finance group. Worthen previously served as a shareholder and chair of the real estate group at a Maine-based law firm.
Italiaander and Gallagher of The Boulos Company lease 2,920 s/f to Blaze Pizza at 451 Payne Rd.
August 2, 2024
Scarborough, ME Blaze Pizza has leased 2,920 s/f at 451 Payne Rd. from Miser Investments, LLC. The Boulos Company’s Joe Italiaander and Chris Gallagher arranged the transaction on behalf of Blaze Pizza, concluding a multi-year search across the greater Portland
Colliers facilitates $76.2 million in construction
financing for Dover’s Cochecho Waterfront
August 2, 2024
Dover, NH Colliers’ capital markets team arranged $76.2 million in construction financing to facilitate the development of the first phase of Cochecho Waterfront, a 220-unit waterfront multifamily project. A Colliers team led by executive vice president Jeff Black, vice
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