Northeast Snapshots - Retail

June 28, 2011 in Articles

Author: Matthew Cardente
Publication: Northeast Real Estate Business

It is a known fact that the golden rule of real estate is location, location, location, and no other sector follows this rule more closely than retail. Retail development in any market is dependent on direct access from major roadways and the ability to provide consumers with easy access and convenience.

The retail market in Maine is no exception. Due to its location along key turnpikes and highway exits, the majority of Maine’s retail development is occurring in the southern and central parts of the state. Two municipalities in southern Maine, Falmouth and South Portland, are experiencing significant development because they offer direct access to Interstate 295 and the state’s turnpike. Although Maine tends to be the last state in northern New England to get the latest national retailers, the retail market has remained strong with new development opportunities ranging from big-box regional shopping centers to multi-tenanted retail buildings that target smaller retailers between 1,000 to 3,000 square feet. (Continued on PDF)

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Should Maine's Downtowns become links in the restaurant chain business?

April 22, 2011 in News

Author: Matt Wickenheiser
Publication: Bangor Daily News

The burger joint is busy during a weekday lunch hour with steady business inside.

It’s one of many places to eat in the city and, more specifically, in the iconic Old Port. Five Guys Burgers and Fries recently joined a plethora of restaurants in the immediate area, from comfortable pubs like Gritty McDuff’s and the Old Port Tavern to high-end restaurants like the Salt Exchange and Fore Street.

But in an important way, Five Guys is also a rarity, representing a continuing evolution that has been taking place in the Old Port for the last decade-plus. In a quirky, cobblestoned and character-filled retail district, Five Guys is a national chain franchise surrounded by local boutiques, art galleries, coffee shops and tourist traps.

Featured Property: 343 Gorham Road, South Portland

March 23, 2011 in Articles

Author: Steve Baumann
Publication: Portland Press Herald

Cardente Real Estate is pleased to offer for lease 2,500 to 12,000 square feet of prime office space at Cornerbrook Plaza in the Maine Mall area of South Portland. This property is a highly frequented destination tenanted by national and local retailers including Panera Bread, Massage Envy, Talbots, Lady Grace, and Pearle Vision. Office spaces are available from $10 per square foot triple net and offer attractive brick and glass construction with ample onsite parking for employees and clients. A prime retail space of 1,653 square feet of existing retail is also available. The location offers unprecedented traffic counts as well as excellent visibility and access.

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Mainebiz 2011 Market Overview Segments 1 & 2

February 13, 2011 in Articles

Author: Greg Perry & Peers
Publication: MaineBiz

Segment One (Youtube video)

Segment Two (Youtube video)

Featured Property: 154 Pleasant Hill Road, Scarborough

February 6, 2011 in Articles

Author: Greg Perry
Publication: Portland Press Herald/Maine Sunday Telegram


Cardente Real Estate is pleased to offer for lease this 9,000-square-foot warehouse building on Pleasant Hill Road. Situated close to interstates 95 and 295, and to U.S. Route 1, the property provides convenience, accessibility, and good exposure to Pleasant Hill Road. Additional features include floor drains, three 14-foot power overhead doors, excellent clear-height, three-phase power and economical gas-fired blowers for heating. The current configuration offers 1,000 square feet of office space, with the remainder high-bay warehouse. The building sits on 1 acre of land offering ample parking and outside storage, as well as signage on Pleasant Hill Road.

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