CENTRAL MAINE MARKET FORECAST Chris Paszyc, CCIM January 2014 The Boulos Company PREPARED FOR
PRESENTATION OVERVIEW Lewiston/Auburn, Midcoast Region and Greater Augusta 2013 in Review Significant Transactions and New Developments Trends in Supply & Demand 2014 Forecast Trends in Development What People In The Business are Predicting for 2014 My Predictions for 2014 and beyond The Boulos Company 2 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON/AUBURN Investment Continues In Downtown Text here Dominican Block 22,000± SF Historic Tax Credit Project The Boulos Company 3 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON/AUBURN New Development Argo Marketing on Lisbon Street Text here BEFORE AFTER The Boulos Company 4 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON-AUBURN Bates Mill #5 Redevelopment 350,000± SF Slated for demolition Saved from demo by Grow L+A Target industries include a growing operation, food packaging, food/beverage processing and a co-op grocery business The Boulos Company 5 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON/AUBURN New Development Norway Savings Arena by Auburn Mall Text here $10.5 million project 71,853± SF 1,940 person capacity The Boulos Company 6 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON/AUBURN Office market steady 19 Mollison Way, Lewiston McKesson renews lease 60,000± SF The Boulos Company 7 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON/AUBURN Industrial demand steady Sazarak purchased Jim Beam (former White Rock Distilleries) The Boulos Company 8 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON/AUBURN Retail Projects New Construction, Investment Sales The Boulos Company 9 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON-AUBURN Rail Line Expansion $3.0 million project 8,500± linear feet 400± AC accessed The Boulos Company 10 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON-AUBURN Future Growth Areas Exit 80 Gendron Business Park The Boulos Company 11 CBRE CLIENT NAME PRESENTATION TITLE
LEWISTON-AUBURN Future Growth Areas Fairgrounds Business Park 24 Mollison Way, Lewiston The Boulos Company 12 CBRE CLIENT NAME PRESENTATION TITLE
MIDCOAST REGION Brunswick Landing The Boulos Company 13 CBRE CLIENT NAME PRESENTATION TITLE
MIDCOAST REGION Brunswick Landing 300± AC & 26 buildings sold 600,000± SF leased 750 jobs created 91,180± SF TechPlace created Renewable energy power plant to be built The Boulos Company 14 CBRE CLIENT NAME PRESENTATION TITLE
MIDCOAST REGION Brunswick Landing/Cook s Corner/Topsham Commerce Park Providence School The Boulos Company 15 CBRE CLIENT NAME PRESENTATION TITLE
MIDCOAST REGION Future Growth Areas Brunswick Landing Brunswick Landing 54 Orion Street The Boulos Company 16 CBRE CLIENT NAME PRESENTATION TITLE
WATERVILLE/FAIRFIELD REGION FUTURE GROWTH AREAS Medical Office is a Driving Force Hathaway Center Foreign Trade Zone #186 Senior Housing The Boulos Company 17 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA Gardiner Gardiner Growth Initiative Libby Hill Business Park The Boulos Company 18 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA Deal Of The Year Former State of Maine Offices 442 Civic Center Drive Sold for $2.1 Million The Boulos Company 19 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA 2013 marked the opening of the Alfond Center for Health The Boulos Company 20 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA Former hospital rebranded Augusta East The Boulos Company 21 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA Many opportunities still exist for large office users Former State of Maine Offices 26 Edison Drive The Boulos Company 22 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA Central Maine Commerce Center a primary growth area The Boulos Company 23 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA Augusta Joins Main Street Maine Program in 2013 Augusta Downtown Alliance hires first executive director Renewed focus on downtown district New upscale residential apartments and condos Reducing Water Street vacancy rates is a priority The Boulos Company 24 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS Introduction of Natural Gas to Kennebec Valley Region Major Augusta Businesses and Government Offices Connected Early 2014 Hallowell, Farmingdale, Gardiner Business Districts Served Early 2014 Residential Neighborhoods Connected 2014-2020 The Boulos Company 25 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS American Tissue Redevelopment Site The Boulos Company 26 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS American Tissue Master Plan Text here The Boulos Company 27 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS American Tissue Office Building and Restaurant Text here The Boulos Company 28 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS American Tissue Market and Train Station Text here The Boulos Company 29 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS Capitol Street Former MDOT Redevelopment Site 9.0± AC Site Former Maintenance Facility On State Government Campus The Boulos Company 30 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS Capitol Street Former MDOT Redevelopment Site The Boulos Company 31 CBRE CLIENT NAME PRESENTATION TITLE
GREATER AUGUSTA FUTURE GROWTH AREAS Capitol Street Former MDOT Redevelopment Site The Boulos Company 32 CBRE CLIENT NAME PRESENTATION TITLE
THANK YOU Many people generously contributed to this presentation: George Dycio, Lewiston-Auburn Economic Growth Council Lincoln Jeffers, City of Lewiston Bob Rocheleau, Ben Sturtevant, Steve Levesque, Mid-Coast Regional Redevelopment Authority Keith Luke, City of Augusta Kevin Mattson, Dirigo Capital Partners Gary Peachey, Peachey Builders Bob Gordon & Gerry McSweeney, CityNorth Development J. Hilary Rockett, Jr., JHR Development David Graham, Graham Architects Darryl Sterling, Central Maine Growth Council Nate Rudy, City of Gardiner Jim Howard & CJ Dirago, The Priority Group David Gendron, Gendron & Gendron Jamie LeBlanc & Roger Beaulieu, DeJour Realty Tony Armstrong, Baldacci Real Estate Group Mac Simpson, Hunt Real Estate Company Kevin Fletcher, The Masiello Group Michelle Peacock, CBRE The Boulos Company The Boulos Company 33 CBRE CLIENT NAME PRESENTATION TITLE
PROFESSIONAL PROFILE Chris Paszyc, CCIM Broker, Partner T +1 207 772 1333 M +1 207 939 4147 cpaszyc@boulos.com Chris Paszyc joined CBRE The Boulos Company in 2005. Mr. Paszyc has extensive knowledge of the Maine commercial real estate market and business community, along with a strong track record in business, governmental affairs, and real estate. His areas of expertise include investment sales, disposition of distressed assets, tenant/buyer representation and development site location. Mr. Paszyc holds the prestigious CCIM designation. This designation is attained by fewer than 6% of the commercial real estate professionals in the country. The CCIM designation is awarded to commercial real estate professionals upon successful completion of an advanced analytical curriculum and presentation of a portfolio of qualifying industry experience. The curriculum addresses financial analysis, market analysis, user decision analysis and investment analysis the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. CREDENTIALS Maine Real Estate Broker License Maine Commercial Association of Realtors Certified Commercial Investment Member (CCIM) Member of the International Council of Shopping Centers EDUCATION University of Maine, Master of Public Administration 2002 University of Maine, Bachelor of Arts, Public Administration 1997 The Boulos Company 34 CBRE CLIENT NAME PRESENTATION TITLE