Built in 1996, the 10,407-square-foot Class A office building was move-in ready with minimal fuss. The buyer, Agren Appliance, has seen a surge of activity through the pandemic, but was also growing before that.
Built in 1996, the 10,407-square-foot Class A office building was move-in ready with minimal fuss. The buyer, Agren Appliance, saw a surge of activity through the pandemic, but was growing before that.
First up: It’s beginning to look a lot like … new construction.
On Monday night, the Lewiston Planning Board unanimously approved a $1.75 million, 35,388-square-foot expansion at the FedEx distribution facility at 380 River Road.
A FedEx truck exits the FedEx facility Tuesday at 380 River Road in Lewison where Gendron Realty will soon start a $1.75 million expansion to be finished in time for the Christmas shipping rush.
Andree Kehn/Sun Journal
The building, owned by Gendron Realty, is 79,164 square feet. Up to 200 people work there year-round with up to 100 more hired for seasonal work in November and December, City Planner Doug Greene wrote in a memo to the board.
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LIHC Investment Group bought 144-152 Fore St. from Jackrabbit LLC for $8.3 million.
Mac Simpson of Porta & Co. represented the seller and Joseph Porta of Porta & Co. represented the buyer.
Located at the base of Munjoy Hill, the property comprises a 43,210-square-foot building on 1.54 acres. It was built in 1963 and renovated in 1990.
“We are excited to be a part of the revitalization of Portland’s historic Eastern Waterfront,” Andrew Gendron, a principal with LIHC Investment Group, said in a news release. “Over the past five years, we’ve watched businesses, employees and new sources of investment breathe new life into one of the city’s oldest neighborhoods. As a Portland-based company, we’ve been searching for more ways to get involved and found that opportunity in 144 Fore St.”