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)
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.
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.