Commercial real estate, Augusta, Maine
In November 2011, Northland acquired the former Kennebec Journal Building in Augusta. To pave the way for the highest and best use of the property, we demolished the 70,000 square foot building. The redeveloped site is now the home of the regional headquarters for Bangor Savings Bank, Supercuts, Five Guys Burgers & Fries, US Cellular and a Goodwill store. A third 11,000 square foot building houses national retailers US Cellular and Men’s Warehouse. The $10 million project was financed using traditional debt and equity.