Westbrook, ME The Boulos Company has negotiated a long-term renewal agreement with IDEXX Laboratories for the 55,000 s/f the company occupies at 1 Thomas Dr., Colonel Westbrook Executive Park. Greg Boulos of The Boulos Co. represented the landlord. Brooks Murphy of JLL and Jim Harnden of Harnden Commercial Brokers represented IDEXX.
“The office market has been in flux since the start of the pandemic, which makes this a significant transaction, given the long-term lease and the 55,000± SF-size,” said Greg Boulos. “It’s certainly a good sign to see a major tenant like IDEXX make a long-term commitment to Westbrook.”
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.