Scarborough, Maine, February 02, 2023: Housing Initiatives of New England (HINEC) purchased 260 Route One in Scarborough for $750,000. The seller, Joy Real Estate of Scarborough, was represented by Chris Gallagher and Joe Italiaander of The Boulos Company. To read more, click here!

Augusta, Maine, February 21, 2023: 45 Commerce Drive Leasing, LLC has announced the successful closing of the Central Maine Commerce Center (CMCC) in Augusta. The 317,400± SF complex, located at 45 Commerce Center Drive, is situated on 40.59± acres. The property was purchased for $18.5 million from Central Maine Commerce Center, L.P. on February 10, 2023. Chris Paszyc, CCIM, SIOR, … Continue reading 45 Commerce Drive Leasing LLC Acquires Central Maine Commerce Center for $18.5 Million

Manchester, New Hampshire, February 03, 2023: National HVACR wholesale distributor Johnstone Supply leased 875 Holt Avenue, represented by The Boulos Company. The Boulos Company team — Chris Healey from the Manchester office, Caitlin Burke from the Portsmouth office, and Derek Miller from the Portland office collaborated to represent Johnstone with an eye toward additional growth in New Hampshire. To read … Continue reading Johnstone Supply Turns Up The Heat in First New Hampshire Location

2022 Transaction Highlights I-93 / Route 3 Corridor     By Michael Tamposi | Partner         2022 proved to be another busy year with lots of activity. The lack of inventory being “on the market” did not slow transactions down. Investors and users were both busy acquiring off-market properties. We have highlighted a sample of transactions from … Continue reading 2022 Transaction Highlights I-93 / Route 3 Corridor

Portland, Maine, February 06, 2024: The Boulos Company, Northern New England’s premier commercial real estate brokerage, released its 2024 Maine Market Outlook Report. In this year’s report, Boulos brokers share insights on Maine’s office, industrial, and retail markets; key regional markets; vacancy rates and stats; and where capital is flowing. Produced annually, Boulos’ Market Outlook offers a compelling and comprehensive … Continue reading The Boulos Company’s 2024 Maine Market Outlook Report is Out!

I-93 / Route 3 Office Market Update – 2023     By Roger Dieker | Managing Broker, Partner         The New Hampshire I-93/Route 3 Office Market continued to surprise the Covid-19 naysayers by remaining steady in both vacancy (7.6%) and lease rate ($14.33/SF NNN). All of which happened in the face of the continued expansion and success … Continue reading I-93 / Route 3 Office Market

New Hampshire I-93 / Route 3 Corridor Industrial Market Outlook: 2023     By Christopher Healey | Partner       2022 proved to be a year of not only sustained, but reinforced trends throughout the Southern NH Industrial Market. Trends surrounding a few key metrics further tightened the industrial market to a point where securing space is no small … Continue reading I-93 / Route 3 Industrial Market Overview

Life Science And What It Means For Maine Commercial Real Estate     By Sasha Bogdanovics | Associate         We’ve all heard the buzz around “life sciences” and the industry’s anticipated growth in Maine. When the Roux Institute opened in late 2020, interest and speculation around what it would mean for Maine heightened, and judging by the … Continue reading Life Science And What It Means For Maine CRE

Offshore Wind: The Next Driver Of Maine’s Economy?     By Claire Richardson | Associate Broker         From national to local levels, government contributions towards offshore wind efforts in 2022 were among the most extensive we’ve seen, making offshore wind—expected to become a $1 trillion industry by 2040—one of the largest economic opportunities in Maine’s history. The … Continue reading Offshore Wind: The Next Driver Of Maine’s Economy?

Bar Harbor, Maine, February 5, 2024: Local investor group, Kebo Street Properties LLC, purchased the former Port Inn/Quality Inn and Suites from Giri Bar Harbor, Inc. for an undisclosed price. In addition to the 77-room, limited-service hotel, the sale includes a 2,101± SF single-family home, which had been used for employee housing. The sellers, who purchased the hotel in 2020, … Continue reading Bar Harbor’s Landscape Transforms: Kebo Street Properties Acquires Iconic Former Port Inn, Paving Way for Local Hospitality Expansion

  Portland, Maine, 2023: The Boulos Company, Northern New England’s premier commercial real estate brokerage, is proud to unveil its 2023 Greater Portland Market Outlook. This comprehensive report provides valuable insights into the current state of the commercial real estate market throughout Maine, with a focus on trends and predictions for the year ahead. To read more, click here!

Mike Bourque on His Journey to Becoming the Second President of MEMIC and How the Company is a Recognized Industry Leader in Workplace Safety in America   In this episode of The Boulos Beat, host Greg Boulos speaks with Mike Bourque, the president and CEO of MEMIC, short for Maine Employers’ Mutual Insurance Company. MEMIC is a multi-state workers’ compensation … Continue reading Episode 38: Mike Bourque on His Journey to Becoming the Second President of MEMIC & How the Company is a Recognized Industry Leader in Workplace Safety in America