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The medical group practice, which has six patient centers in Maine and New Hampshire, is preparing to build an administration center with more than 50,000 square feet of space.
Investors are drawn by the vintage and well-maintained properties, historically low retail vacancy and a strong sense of community. “People really do love it here,” said one broker who grew up in the area.
A compilation of the all the commercial real estate leases that were published in the Thursday Mainebiz Real Estate Insider in December 2023.
With a national footprint and over $5 billion in annual revenue, the firm said it looks to meet demand in northern New England for more modernized medical and academic facilities.
Curb appeal, updated systems, natural light, hand hewn beams and room for expansion were among marketing pointers for three year-end transactions.
Amid today's snow, Maine is still recovering from a pair of powerful winter storms that caused widespread flooding, destroyed homes and businesses, and drove a fishing boat aground.
The center is viewed as a critical recruitment and retention tool. At full capacity, it will increase the number of licensed child care spots on Mount Desert Island by over 30%.
The 14,651-square-foot facility will have a basketball court and teen room, multipurpose and meeting rooms and a commercial kitchen, paid for with federal and city money.
While short-term rentals cut into the affordable housing stock, they also fill the need for tourist lodging when local inns and hotels are full.
Growing up, the buyer and her family often dined at Hug’s after skiing at Sugarloaf. Seeing Hug’s was up for sale, she jumped on the opportunity.
House in the Woods offers therapeutic, recreational and educational retreats to U.S. armed forces members and their families.
Plans include creating well-equipped instructional areas for construction and culinary programs, for hands-on learning to boost student capacity for future employment.
The city is developing business attraction ideas that will maintain its balance as a year-round community and an important service center with future growth.
The list is based on data from the multiple listing service operated by Maine Real Estate Information Services Inc.
The company was looking for a larger space with “a solid collaborative layout.” As a retail support service, being around more retailers is an additional benefit.
Paul McKee, lead buyer specialist at the Hatcher Group with Keller Williams Realty, takes over as 2024 president of the Maine Association of Realtors.