The Dunham Group

Thank you Mainebiz for covering our 15th annual Industrial Market Survey! Check out the article below, and download the full survey from our website :

Industrial vacancy rate grows in southern Maine — but hovers just above 3% The vacancy rate for industrial properties in southern Maine has been rising after a decade of shrinking vacancies, and was at a 7-year high at the end of 2025, according to the Portland-based Dunham Group’s annual market survey.

We’re excited to be part of MEREDA’s 2026 Forecast Conference next week!

Our Partner/Broker, Sam LeGeyt, SIOR, will be sharing his insights on the industrial market during the Office & Industrial Outlook panel discussion.

Be sure to stop by our exhibition booth to:
📊 Pick up a copy of our 2026 Industrial Market Survey
🎁 Enter our prize giveaway
🎉 Grab some complimentary goodies

We’re excited to share that our brokers, TC Haffenreffer and Sylas Hatch, successfully represented the buyer in the off-market sale of a prime industrial property at 22–48 Spiller Drive in Westbrook, which closed at $13 million. Steve Baumann of Compass Commercial Brokers and Josh Soley from CORE represented the seller, Spiller Drive LLC.

The 134,000 SF property, anchored by leading glass and metal fabricator SIGCO, checked all the boxes for buyer NRTI—a joint venture between North River Company and Two Island Real Estate.

This deal reflects continued strength in Maine’s industrial market and demonstrates The Dunham Group’s ability to deliver strategic, high-value solutions—even in off-market scenarios.

Congrats to all involved!

Westbrook industrial property sold for $13M in off-market deal Factors making the deal attractive included a quality tenant, the relatively large scale of the property and a good location.

Fun Dunham Group outing on Peaks yesterday!

Big Congrats to our broker, Bryan Plourde, MAI, for being featured in Valuation Magazine—a well‑deserved recognition of his dedication, expertise, and contributions to the valuation profession.

Your commitment to excellence continues to raise the bar. We couldn’t be prouder to have you on our team, Bryan!

Valuation - Issue 2 2025 : Page 13 AWARDS SEASON Nominations due July 31 for 4 annual AI awards When Bryan Plourde, MAI, attendedlast fall’s recognition ceremony for newdesignees in the Appraisal Institute’s RegionIV, a...