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.

The Boulos Company has released yet another list of businesses in the Greater Portland area that have said “bah, humbug” to the slow economy and are moving ahead.

• Eyes on Rosemont, LLC has leased 2,180± sq. ft. of office space at 595 Brighton Avenue, Portland, Maine from KAL, LLC. The tenant will use this space as an optometrist office.
• The Sunrise Guide, LLC has leased 600± sq. ft. of office space at 640 Brighton Avenue, Portland.
• Lafayette Hotels has purchased the 239-room Holiday Inn by the Bay in Portland from Harper Hotels.
  Critical Care Systems, Inc has renewed their lease for 4,421± sq. ft. of office space at 10 Donald B Dean Drive, South Portland.
• Goodwill Industries of Northern New England has expanded into a 2,084± sq. ft. office suite at the Bayside Complex on 175 Lancaster Street, Portland.  Their total occupancy at the center has now been increased to 10,779± sq. ft.
• Goodwill Industries of Northern New England has renewed its lease for 6,652± sq. ft. of retail space at 890 Main Street, Sanford.
• Goodwill Industries of Northern New England has renewed its lease for 10,400± sq. ft. of   retail space at 1104 Forest Avenue, Portland,
• The Vacuum Cleaner Shop has leased 3,300± sq. ft. of retail space on 50-60 Western Avenue, Augusta.
• C-LINK, LLC has leased 4,129± sq. ft. of office space at 2 City Center, Portland.

The Boulos Company announces five leases totaling 12,000± sq ft completed at 245 Commercial Street, Portland!

• C&S Restaurant
• MaineHealth Information Center (MHIC)
• MaineHealth Management Coalition (MHMC)
• Color Me Mine of Southern Maine
• Stanford Management

The Boulos Company has just released the following list of local companies that are on the move, either leasing space, renewing a lease or buying.

• Cutting Edge Wireless, Inc. has sub-leased 1,645 sq ft of retail space at 35 Bridge Street, Gardiner, Maine from One Source Wireless, LLC. Cutting Edge Wireless will operate a cellular telephone sales & service business.
• Stanford Management, LLC has leased 3,620 sq ft of office space in the Nathan Winslow Block at 245 Commercial Street, Portland.
• Maine Eye Center, PA has leased 9,983 sq ft of medical office space at Stroudwater Crossing, 1685 Congress Street, Portland.
• Maine Health has acquired property located at 14 Sawyer Road, Scarborough, Maine. The property abuts the Orion Center property previously acquired by MaineHealth. The Sawyer Road property is a natural addition to the Orion Center parcel and will become part of the overall development.
• NH Bragg has renewed its lease of 6,500 sq ft of warehouse space at 17 Patrick Drive, Westbrook.
• MaineTransNet has leased 556 sq ft of office space at 640 Brighton Avenue, Portland.
• Northeast Hearing & Speech Center, Inc., a community based speech and hearing center, has leased 7,600 sq ft of office/therapy space in the Match Star building at 81 West Commercial Street, Portland.

The Maine Real Estate Network, opened in January 2008, smack in the middle of a bear real estate market, has signed on 40 plus professional agents in this short period. By offering creative compensation packages and unmatched service to it’s agents, TMREN is a prime example of “Good News” in the Portland area.

Portland’s easygoing quality of life is praised in the April 1st feature. The list was compiled based on a leisure index, crime data and 5-year cost of living average and unemployment figures. Kudos for local highlights go to Grittys, Cinque Terre, Blackpoint Inn and Cold River Vodka!

The Boulos Company has just announced the following transactions:

• Maine Basketball, LLC leased 2,076± SF of retail/office space at 415 Congress Street, Portland, from 415 Congress St. Properties, LP.  Maine Basketball is the entity behind the recently announced Portland, Maine franchise for the NBA Development League.
• Spurwink Services leased 5,484± SF of medical office and service space at 50 Park Road, Westbrook.
• Wright Express renewed its lease at 75 Darling Avenue, South Portland.
• Allagash Brewing Company has leased 3,250± SF of warehouse space at 53 Industrial Way, Portland.
• Goodwill Industries of Northern New England purchased the former Dave Gould Ford property located at 15 Downeast Highway, Ellsworth.
• Rockwell Automation renewed its lease at 202 Gannett Drive in South Portland.
• Healthcare Solutions has leased 1,500± SF of office space at 170 US Route One, Falmouth.
• GDG Associates, LLC purchased 1075 Lisbon Street, Lewiston from the Pellerin Family Trust.
• NH Bragg renewed its lease of 6,500± SF of warehouse space at 17 Patrick Drive, Westbrook.
• WE 100 Larrabee Road LLC, an affiliate of Winstanley Enterprises LLC, purchased the 101,250± SF single-story Larrabee Complex located at 100 Main Street, Westbrook.
• Enterprise Growth Solutions leased a small office suite at Pineland Farms in New Gloucester, Maine.
• Vector Marketing leased 1,335± SF of office space at 4 Delta Drive, the Delta Business Park, in Westbrook.
• Velocity Express, Inc. leased 18,565± SF of warehouse space in the Saunders Business Park located at 15 Saunders Way, Westbrook.
• C & S Restaurants, LLC leased 2,691± SF of retail space at 245 Commercial Street, Portland.
• Susan M. Collins leased 910± SF of office space at One Canal Plaza, Portland, Maine, from Perkins Thompson. Drew Sigfridson, SIOR, CBRE | The Boulos Company, represented the landlord and tenant in this transaction.
• Concordia Partners leased 4,250± SF of office space at One Canal Plaza, Portland.
• New England Family Institute has leased 2,800± SF of office space at 125 Presumpscot Street, the Roundhouse, Portland.
• 3-C Electrical Co., Inc. has leased 4,000± SF of office/warehouse space at 79 Leighton Road, Augusta.
• A lease for 15,520± SF of office space at 53 Darling Avenue, Portland, Maine to SXC Health Solutions Corporation has bee renewed.

The Boulos Company has  leased the 18,975± sq ft former Brown Pontiac building at 837 Portland Road, Saco, Maine to Country Club Enterprises.

Country Club Enterprises is a top distributor for Club Car and the E-Z-GO line, two of the leading brands of golf and utility vehicles in the world. Country Club Enterprises is able to offer new and reconditioned golf cars, utility vehicles, beverage vehicles and multi-passenger vehicles all customized for specific needs.

The 14,225± sq ft building includes a show room, body shop, repair shop and administrative space. A 4,750± sq ft second story provides additional office space, meeting and storage rooms.

With interest rates at a 40-year low, and the election over, John Hatcher of Keller Williams Realty says: “Since the new year we have seen an uptick in the market. I have just put my 22nd property under contract in 2009 (a record in my 23 years in the business) and we have had 4 properties close with 100% financing in the last 4 months. And now we are seeing multiple offers on properties.”

Wow!  In spite of the tough economic times, the Boulos Company has just completed the sale of two investment buildings in Greater Portland, the fully-leased retail building at 245 Western Avenue in So. Portland, in the heart of Maine’s retail district, and The Larrabee Complex in Westbrook.