Archive for July, 2009

CBRE | The Boulos Company Completes Largest Investment Sale of 2009

Thursday, July 30th, 2009

The Boulos Company secured the Buyer,  L.E. Springer, Inc. and represented the Seller, GRE Congress Canal, LLC , in a transaction that included The Maine Bank & Trust building at 465 Congress Street and the Public Market Garage at 315 Cumberland Avenue, in Portland..  L.E Springer, Inc. is   wholly owned by Lawrence E. Springer of Bangor, ME and has long history of real estate ownership in Maine.

The 465 Congress Street  ten-story office building is an historic landmark featuring unique marble architectural details and a stunning first-floor banking lobby. Current tenants in the 67,567± square-foot building include; Maine Bank & Trust, MaineHealth and MaineHealth Associates, Applied Materials, Compass Health Analytics, Cloutier Barret Cloutier & Conley, Richardson Whitman Large and Badger, and Legg Mason Wood & Walker.

The Public Market Garage at 315 Cumberland Avenue is connected by skybridge to the former Portland Public Market, which is currently being renovated into offices for its new owner, PowerPay, LLC.

Portland Team Electrolite’s ERacer Sets New National Speed Record

Friday, July 24th, 2009

While using less power than a blow dryer, Portland artist and illustrator C. Michael Lewis propelled his carbon fiber ‘ERacer’ Electrathon car to a new national speed record of 62.2 miles in one hour on a pair of standard car batteries.

The venue was the Extreme Efficiency Trials at the Michigan Proving Grounds of Ford Motor Company, a 5-mile, smooth-as-silk test track built to test automotive engineering designs under the most ideal of conditions. The track was made available by Ford to select groups of the public as part of the 100-year anniversary celebration of their company’s history.

The Economy is NOT Contracting for these Companies!

Tuesday, July 7th, 2009

Just ask the Boulos Company.
The Maine Department of Labor has expanded into a 1,171± sf office suite at 175 Lancaster Street at the Bayside Complex, Portland,

  • The State of Maine Department of Corrections has leased a 4,877± sf office building at 107 Washington Avenue in Portland.
  • Rick Vance of Vance’s Driving School has leased 1,500± sf of office space at 991 Forest Avenue, Portland, from Income Property Management. T
  • WMTW has renewed their lease for 11,703± sf of office space in the Time and Temperature Building at 477 Congress Street in Portland.
    American Housing Preservation has leased 8,425± sf of office space at 245 Commercial Street in Portland.
    The Blazin’ Ace, LLC has leased 1,500± sf of retail space at 432 Fore Street in Portland.
  • Freihofer Sales Company, Inc has leased 3,012± sf of retail/showroom space at 1037 Forest Avenue in Portland.
  • Safety and Health Council of Northern New England has leased 1,300± sf of office space at 15 Pleasant Hill Road, Suite 102, Scarborough.
  • Goodwill Industries of Northern New England has leased 1,431± sf of office space at 407 Alfred Street, Suites 102-103, Biddeford.
  • Little Wing, LLC has purchased 332 New Portland Road (to be renamed 17 Little Wing Drive) in Gorham.  This property consists of a 10,637± SF mixed-use building with warehouse, flex space and office available. The buildings sit on a 1.95± acre lot located just outside of the Gorham Industrial Park and minutes from downtown Gorham and Westbrook.
  • Carroll Associates Landscape Architects has leased 1,120± sf of office space at 217 Commercial  Street in Portland.
  • Bank of America, N.A. has renewed their lease for 3,600± sf of office space at 251 Woodford Street in Portland.
    Davidson/Bisson, LLC and JSD & Son, Inc. have purchased 55,170± sf of office space at 238 Riverside Street, Portland.
  • Maine State Music Theatre has leased 6,445± sf of office and warehouse space at the Fort Andross Mill Complex located at 14 Maine Street, Brunswick.