Latest Maine Commercial Real Estate News

Recent Press Releases

What’s Current

[ff id=”1″]

Boulos Co. In the News

Brunswick Station: From Vacant Lot to Multi-Million Dollar Hub

      Brunswick, Maine, November 28, 2022: In the largest reported transaction in Brunswick in more than five years, JHR Development sold its portfolio of five buildings and associated parking lots at Brunswick Station to WFF Brunswick for $18 million. The transaction was arranged on behalf of the seller by Drew Sigfridson, SIOR of The Boulos Company. The properties … Continue reading Brunswick Station: From Vacant Lot to Multi-Million Dollar Hub

GoGo Refill Brings Low-Waste Living to Brunswick

Brunswick, Maine, November 21, 2022: Laura Marston is leasing 163 Pleasant Street to open a new GoGo Refill. The 1,100± SF building is the second location for Marston’s low-waste, plastic-free retail business. Cameron Foster of The Boulos Company handled the transaction on behalf of the landlord, Holland Low, who was seeking a low-impact tenant. Built in 1990, the building is … Continue reading GoGo Refill Brings Low-Waste Living to Brunswick

A New Home for Botto’s & A Bakery For Sale

Portland, Maine, November 14, 2022: After 70 years on Washington Avenue, family-owned Botto’s Bakery is moving to 5 Karen Drive in Westbrook. The Boulos Company’s Craig Young facilitated the lease. To read more on this, click here!

Boulos Expands Bench and Awards Mid-Year MVP

Portland, Maine, November 1, 2022: The Boulos Company is expanding. In the past three months, the Portland office welcomed Sarah Grillo and Reese McFarlane, and Nick DeNisco is the latest to join the Manchester team. Portsmouth office manager, Lisa Kurdt, has been with Boulos since 2000. Over the past year, the pace of business in Boulos’ New Hampshire markets increased … Continue reading Boulos Expands Bench and Awards Mid-Year MVP

Multifamily Megadeal is Lewiston’s Largest in Years

Lewiston, Maine, October 13, 2022: Nick Lucas and Noah Stebbins of The Boulos Company closed on the $10.2 million sale of The Bluffs in an off-market transaction. To read more on this, click here

Leadership Evolution at Boulos Lands Estes, Stevens, and Sigfridson in New Roles

                    Portland, Maine, September 29, 2022: Jessica Estes of The Boulos Company will take the helm as President starting October 1, 2022. After a successful, decade-long run as Managing Director, Drew Sigfridson, SIOR is stepping down from his role of Managing Director in the Portland office. Under Sigfridson’s leadership, Boulos grew … Continue reading Leadership Evolution at Boulos Lands Estes, Stevens, and Sigfridson in New Roles

Colonial Adjustment Finds Ideal Tenant in The Locker Project

South Portland, Maine, August 2, 2022: The Locker Project will move into 6,000 SF of office space, formerly occupied by Spurwink, at 111 Wescott Road. The landlord, Colonial Adjustment, was eager to support a local nonprofit and its mission of hunger relief, and the deal closed in just six weeks. The Boulos Company’s Samantha Marinko and Greg Boulos represented Colonial, … Continue reading Colonial Adjustment Finds Ideal Tenant in The Locker Project

The White Apron Finds the Perfect Setting

  Exeter, New Hampshire, August 1, 2022: Jay and Liz Curcio purchased One Franklin Street as the new home of their acclaimed catering business, The White Apron. The 11,737± SF property has an event space and commercial kitchen on the first floor and three apartments on the second floor. The buyer’s broker, Caitlin Burke of The Boulos Company, represented the … Continue reading The White Apron Finds the Perfect Setting

LEARNINGWORKS Lists West End Portland Office Space for Sale

PORTLAND, Maine, July 25, 2022 — LEARNINGWORKS, an organization committed to strengthening the communities it serves by providing free community-based education programs for children, adults, and families throughout Southern Maine, has listed its historic office building at 181 Brackett Street in Portland’s West End as part of its strategic plan to invest in its mission. Click here to read the … Continue reading LEARNINGWORKS Lists West End Portland Office Space for Sale

Seacoast CR Transaction Sets Multi-Year Record

Exeter, New Hampshire, July 19, 2022: In one of the largest transactions in recent years, 100 Domain Drive was sold by 100 Domain Drive DD & EI LLC to Torrington Properties, Inc. for $46.9 million. The transaction was brokered by Caitlin Burke and Kent White of The Boulos Company. To read more, click here: Press Release – 100 Domain Drive, NH

17-Property Real Estate Megadeal

Cycle And Ski Shop Triples Space in Portland With Building Purchase

Boulos Co. Renews IDEXX’s 55,000 Office Lease in Westbrook, Maine

Boulos Renews IDEXX Laboratories Lease in Colonel Westbrook Park Westbrook, Maine, July 12, 2022: The Boulos Company has negotiated a long-term renewal agreement with IDEXX Laboratories for the 55,000± SF the company currently occupies at 1 Thomas Drive, Colonel Westbrook Executive Park. Greg Boulos of The Boulos Company represented the landlord. Brooks Murphy of JLL and Jim Harnden of Harnden … Continue reading Boulos Co. Renews IDEXX’s 55,000 Office Lease in Westbrook, Maine

Micki Francombe Promoted to Vice President at Boulos

Buy New England Lobster Finds A New Home in Newburyport

Second Phase of Redevelopment Advances at The Downs in Maine

The Town of Scarborough’s Planning Board has granted preliminary approval for Crossroad Holdings’ Innovation District – a 154-acre subdivision to become the future home of light industrial, manufacturing, tech commercial and retail end-users.

The Buzz: Lewiston’s where it’s at: New coffee, new proposed school, new cricket snacks

This week the Buzz is kickin’ and moving. First up: A little caffeine pick-me-up. Tulio DeAlmeida makes an iced macchiato for himself at the Auburn Aroma Joe’s earlier this winter. The franchisee got approval last week to open a new location in Lewiston.

Portland Regional Chamber Turns a Corner with New Office Space

Vermont Courier Scores Warehouse Space in Southern Maine’s Tight Industrial Market

Somali Bantu Community Association moves into new Lewiston headquarters

“It’s a new home for the Somali Bantu Community Association. When the group best known for its farming initiatives moved into its current space on Pierce Street in October 2015, it had one employee, Executive Director Muhidin Libiah. It’s up to eight employees now and a new building at 222 Pine St. will offer three times the room.” The transaction … Continue reading Somali Bantu Community Association moves into new Lewiston headquarters

Developer hopes to ‘switch’ historic telephone building in Portland to become apartments

Major Augusta lease to house Inland Fisheries & Wildlife

Portland’s B&M Baked Beans factory to be replaced with Roux Institute campus

Plans are underway for a technology and education campus to replace the B&M Beans plant in Portland, reflecting the changing culture and economy of the city.

Torrington Properties acquires Newington Park Shopping Center for $13.3 million – 15-acre center purchased from Urstadt Biddle Properties Inc.

Real estate development and investment company Torrington Properties (Torrington) has acquired the Newington Park Shopping Center for $13.3 million. Torrington purchased the 15-acre shopping center from real estate investment trust Urstadt Biddle Properties Inc., which owned the property since 1979. The center offers 102,000 s/f of space for commercial, retail and medical offices. Torrington plans to transform the property into a vibrant, … Continue reading Torrington Properties acquires Newington Park Shopping Center for $13.3 million – 15-acre center purchased from Urstadt Biddle Properties Inc.

Downs building project in Scarborough sells out early

The 154-acre industrial and business subdivision connected to the Downs development project in Scarborough has completely sold out all of its 54 business lots, the developers said in a release today. The Boulos Company, the Downs’ commercial real estate firm, indicated in the release that it anticipated selling five lots per year, selling off all the lots in ten to … Continue reading Downs building project in Scarborough sells out early

Investor sells in Portland, buys in Poland

After a year on the market, the Poland Crossing shopping center at 1385 Maine St. in Poland has new owners who hope to soon have two new tenants. JH Holdings bought the 19,893-square-foot, three-building plaza from JTK Holdings with Drew Sigfridson from The Boulos Co. representing the buyer and Patrick Casalinova and Kevin Fletcher of Keller Williams Realty the sellers. … Continue reading Investor sells in Portland, buys in Poland

Burke and White of The Boulos Co. broker sales transactions

Portsmouth, NH Noble Properties LLC purchased three office condominiums (2A, 2B & 2C) totaling 3,856 s/f at 500 Market St. from PMC Realty Trust. The buyer is opening a family pediatric practice after they complete a full renovation of the property. The transaction was arranged on behalf of the buyer by Caitlin Burke and Kent White of The Boulos Company, and … Continue reading Burke and White of The Boulos Co. broker sales transactions

Biz Bites: KinoTek moves a third time

KinoTek, a local digital health startup, has doubled in size over the past year and is tripling the size of its office footprint. The Boulos Company’s Sam Marinko represented KinoTek in their move from a coworking space to 22 Monument Square last July. Outgrowing the 524 SF space before the lease had even expired, landlord, Bill Stauffer, was able to … Continue reading Biz Bites: KinoTek moves a third time

Unity College is one of many to find Pineland Farms a good COVID-era fit

Unity College announced it will lease 42,703 square feet at the Pineland Farms campus in New Gloucester for its new Technical Institute for Environmental Professions. The deal was brokered by Drew Sigfridson, SIOR and John Finegan. Find the Mainebiz article here:

Woodforest CEI-Boulos Opportunity Fund Recognized in BAI Global Innovation Awards for Societal & Community Impact

  News Woodforest CEI-Boulos Opportunity Fund Recognized in BAI Global Innovation Awards for Societal & Community Impact   The Boulos Company is proud to announce that the Woodforest CEI-Boulos Opportunity Fund recently won the 2020 BAI Global Innovation Award in the Societal and Community Impact Innovation category. The Boulos Company is a joint venture partner in CEI-Boulos Capital Management, the … Continue reading Woodforest CEI-Boulos Opportunity Fund Recognized in BAI Global Innovation Awards for Societal & Community Impact

McDonald of The Boulos Co. leases 4,800 s/f to Navatek – Lamontagne of NAI The Dunham Group represents tenant

Portland, ME Navatek has moved into 4,800 s/f of new laboratory and shop space on the first floor of Building D at the Portland Company Marine Complex on West Commercial St.

Holy Donut will fill ‘hole’ in Auburn, add first location outside Portland area

The Holy Donut is headed north. Eight years after opening for business with a single shop in Portland, the popular donut maker and retailer is expanding to Auburn, in a former Tim Horton’s coffee shop that’s been vacant for five years.

UPS Backfills New Hampshire Warehouse

United Parcel Service signed a full-building lease for this 100,750-square-foot warehouse facility located at 8 Marin Way in Stratham, New Hampshire.

Cushman & Wakefield arranges 50,000 s/f lease at 90 Arboretum on behalf of the owner, Farley White Interests

Newington, NH Cushman & Wakefield has arranged a 50,000 s/f long-term lease at 90 Arboretum Dr., New England’s first mass timber commercial office building.

The Wrap: New Asian restaurant in Portland, and 2 favorites reopen

Britt Langford and her husband, Leo Zhang, have bought the former Lolita restaurant space at 90 Congress St. and plan to open an Asian restaurant there called Jing Yan. Their target opening date is Nov. 15.

In Portland, industrial building “ahead of its time” fetches $12.8M

A 249,370-square-foot warehouse/distribution facility in Portland was originally marketed as a leasing opportunity until a buyer stepped up to pay $12.8 million in order to relocate his existing business.

Atlantic FCU invests $18M in new SoPo headquarters |

Click here to view original web page at

Construction underway of first two Innovation District buildings at The Downs

Scarce industrial space and short development timelines are among the factors driving interest in the Innovation District at The Downs in Scarborough. The sales of the first two lots at 90 Payne Road in the 80-acre business park were finalized in December. Oyster Development bought the 1.43-acre Lot 28 […]

Another strong year in commercial real estate predicted for 2020

Small leases are big in Monument Square transformation

New construction on the Portland peninsula is getting a lot of attention, but with office space at a premium, and driven by some high-profile building sales, Monument Square is going through its own makeover. Particularly after the recession, tenants migrated out of the buildings in Monument Square to renovated […]

Portland-area investor thrives on looking for the next deal

A Falmouth real estate investor has completed a tapestry of transactions over the past half-year aimed at expanding his portfolio of commercial assets. Since September, Wayne Berzinis has bought and sold properties in South Portland, Portland, Gorham and Scarborough in a series of exchanges under section 1031 of the […]

Boulos report: Portland-area real estate market won’t succumb to history

While history says a bust is coming soon, the Portland-area real estate market this year will continue to be strong, Drew Sigfridson, managing director of The Boulos Co., said in the company’s just-released annual market report . Sigfridson predicts that, despite some cautionary signs, 2020 will continue to ride […]

Investment group sees value in Topsham retail

A group of southern Maine investors was looking for long-term properties in strong growth communities in and around Greater Portland. They found it at a retail center located at 126 Main St. in Topsham. Zenith Investment Group bought the property from Topsham Place LLC for $1.55 million. Josh Soley […]

Greyhound’s Portland bus station building up for sale

The building that houses the Greyhound bus station on Congress Street has been put on the market. The Boulos Company is accepting offers for the site through Dec. 19. Michael Kelley / The Forecaster PORTLAND — The longtime home of the Greyhound Bus terminal is on the market, leaving […]

Woodforest National Bank Creates $20 Million Opportunity Zone Fund to Support Economic Revitalization Across its 17-State Footprint

Woodforest National Bank Creates $20 Million Opportunity Zone Fund to Support Economic Revitalization Across its 17-State Footprint – Pictured from left to right: Sam Spencer, CEO and Managing Director, CEI-Boulos Capital Management; Betsy Biemann, CEO, Costal Enterprises, Inc. (CEI); Noelle St.Clair, Community Development Relationship Manager, Woodforest National Bank; and […]

CBRE Brokers $21M Sale of Portland, Maine Apartment Community

CBRE has arranged the $21 million sale of Bayside Village, a 101-unit apartment community in Portland, ME for $20.8 million. Built in 2008, the property consists of a five-story residential building with retail and garage parking on the first floor. The property has historically been rented as a student […]

New podcast features Maine developers and real estate investors

Greg Boulos, behind the camera at right, interviews his brother Joe Boulos, a broker and developer, in an episode of “The Boulos Beat” podcast. Collin Henderson of Trail Marker Production is in the foreground and Abigail Henderson, head of social media at Boulos, is to the right. A new […]

People & Business: Oct. 30

Employees of Tyler Technologies in Yarmouth with thousands of bagged socks they donated to Preble Street in Portland. Contributed Giving back After conducting its annual sock drive recently, Tyler Technologies, a Yarmouth provider of software and services for the public sector, donated 9,477 pairs of socks to Preble Street […]

Disabilities services provider sees growing demand, driving need for Lewiston facility

Creative Work Systems has purchased a 5,500-square-foot office building in Lewiston to accommodate growing demand for its services, which help people with disabilities to live and work in their communities. Creative Work Systems bought 430 Lisbon St. from Seven Rivers Corp. for $350,000. Justin Lamontagne and Greg Hastings from […]

Downtown deals advance Lewiston’s plans for redeveloped neighborhoods

The purchase of three neighboring properties on Pine Street, in downtown Lewiston, is aimed at advancing plans to improve the city’s affordable and market-rate housing stock and general neighborhood revitalization. Lewiston/Auburn Community Housing Inc. bought 40 Pine St. from the estate of James R. Costello Sr. for $377,000. The […]

GO Lab gets $2.4M in FAME financing and other funds for Madison plant

GO Lab Inc., the Belfast building products manufacturer that last month closed on its purchase of the shuttered Madison Paper Industries mill, has received $2.4 million in financing to help with the deal and begin retrofitting the plant. The funding package includes a $1.2 million loan underwritten by the […]

Developers break ground on commercial section of Downs project

Crews set up their construction machinery on Wednesday for Friday’s groundbreaking ceremony at the recently cleared site of the Innovation District at The Downs in Scarborough. The developers of a new mixed-use complex in Scarborough broke ground on the commercial center of the sprawling project Friday. The Downs’ Innovation […]

Bids for a Lewiston office building will start at more than $1 million

This office building at 17-19 Mollison Way in Lewiston is the latest in Maine to hit the auction block at online auctioneer Ten-X. The online auction is Sept. 23-25, 2019. A Lewiston office building will go up for sale in an online auction by the same auctioneer that sold […]

Growing transportation company buys former Oxford wood products factory

A former wood products factory in Oxford is viewed by its buyers as a great site for their transportation company. But a fair amount of clean-up at the site will have to be completed first. RideSource Inc. purchased a 68,175-square-foot light manufacturing complex on 15 acres, at 822 Main […]

Cambria Portland Hotel, part of massive East End development, breaks ground

A groundbreaking ceremony was held Monday for a 102-room “brewtel” that will be part of the 211,000-square-foot Bateman Partners development in the city’s East End. The focus Monday was the start of construction for the six-story, 72,797-square-foot Cambria Portland Hotel, which is being developed in partnership with Shipyard Brewing […]

GO Lab closes deal for Madison paper mill

GO Lab Inc., the Belfast building products manufacturer that in April announced its intent to buy a defunct paper mill in Madison, has completed the purchase. In a news release Tuesday, the company said it has closed on the 600,000-square-foot Madison Paper Industries mill, shuttered since 2016. The property […]

Reservations pour in for Scarborough business park

Plans for Maine’s first mixed-use business park in 25 years are progressing quickly, with only seven lots still up for grabs inside The Downs in Scarborough. Known as the Innovation District, the 154-acre subdivision will be a core part of a multi-purpose development that will also include a residential […]

Six downtown Lewiston properties sold for $6.39M

A portfolio of six downtown Lewiston properties has been sold for $6.39 million. Little Canada LLC, controlled by Matt Hancock, bought the properties at 500 Canal St. from Franklin Properties and Franklin Property Trust, according to a news release Wednesday morning. The portfolio comprises three fully-leased Class A office […]

Watching the river flow: Along the Kennebec, developers and residents are returning to the river

North River Co., the new owner of the Lockwood Mill in Waterville, considers the building a diamond in the rough — it’s worse for wear after years of vacancy, but it’s a classic 19th-century mill with soaring ceilings and windows, 3-foot brick walls and pine floors. “They don’t build […]

Location key in couple’s new Portland Back Cove veterinary practice

A pair of veterinarians looking to form their own practice have found what they consider the perfect site, close to the region’s vet-focused industries and in a former medical office on the picturesque Back Cove. Veterinarians Nicole and Matthew Fortin plan to open their practice, Back Cove Animal Hospital […]

Augusta’s Turnpike Mall, historic but beset by vacancies, sold for $3.2 million

The largely empty 214,900-square-foot Turnpike Mall has been sold to a New York real estate development firm that specializes in acquisition of retail and office buildings. The $3.2 million sale closed in May, according to The Boulos Co.’s website, after being approved by a federal court in March. The […]

Mill buildings in Waterville sold and slated for development

Developer Paul Boghossian holds a drawing of the Lockwood Mills complex in Waterville, including CF Hathaway Co. mill, in a presentation to members of the Waterville Rotary Club in 2008. Tuesday it was announced that he sold the remaining two Lockwood mills to the North River Company, the current […]

Robust home sales draw 2 new furniture stores to South Portland

Two out-of-state furniture chains are opening stores in Greater Portland. Here is a living room display from the Jordan’s Furniture store in Reading, Massachusetts, one of the two chains coming to Maine. The other, Bernie & Phyl’s, opens in the former Toys R Us space Monday. Well-heeled home buyers […]

The Boulos Company sells 43,000 SF industrial warehouse for $4.25 million

Seabrook, NH According to The Boulos Co., one of Northern New England’s largest commercial real estate firms serving owners, investors, and tenants, Torrington Properties has purchased a 43,000 s/f industrial warehouse located at 9 Batchelder Rd. from Corium Real Estate Group. The transaction included Functional Coatings signing a lease […]

Gelato Fiasco selling its Brunswick factory, after co-packing move to Michigan

Gelato Fiasco, a fast-growing grocery and retail brand that last year outsourced production to a Michigan company, is selling its production facility in Brunswick. The food-grade production facility, which Gelato Fiasco dubbed the “flavor foundry,” is listed by The Boulos Co. for $1.35 million. It’s located at 2 Industry […]

Jordan’s Furniture to take former Filene’s space at Maine Mall

A Massachusetts-based furniture chain store is expanding to South Portland. Jordan’s Furniture announced Tuesday it intends to occupy the former Filene’s/Bon-Ton store’s space in the Maine Mall. It will be the company’s seventh store in New England. A spring 2020 opening is planned, according to a news release from […]

The Boulos Company names new partner

The Boulos Company | Contributed PORTLAND, Maine, and PORTSMOUTH, New Hampshire — The Boulos Company, Northern New England’s largest commercial real estate firm serving owners, investors, and tenants throughout Maine and New Hampshire, announced Monday that broker Nate Stevens has been promoted to partner. “Nate is a well-respected broker […]