Commercial News

Congratulations to Our Client: Australia-based Orora Group

Orora Group

Congratulations to our client the Orora Group, based in Australia, on their recent lease of warehouse #200 at 1905 110th Street in Grand Prairie, Texas. Criterium Engineers performed a Pre-Lease Property Condition Assessment on the 102,000 square foot warehouse building. Orora Group works closely with its customers to provide an extensive range of tailored packaging solutions….

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All-American Family LLC Purchases 1041 Brighton Avenue

1041 Brighton Avenue Portland

A 24,150 square foot retail facility at 1041 Brighton Avenue in Portland, Maine, was recently purchased by All-American Family LLC. We congratulate the buyers as well as Charles Day of Porta & Co., who represented the seller, on the closing. Criterium Engineers performed a Property Condition Assessment on the facility which includes a convenience store,….

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Congratulations to Our Client: Hussey Seating Company

hussey seating

Congratulations to our client at Hussey Seating, global producer of spectator and audience seating, on their purchase of 90 Community Drive. Hussey purchased the 45,000 square foot building which is situated on 24.9 acres in Sanford, Maine, to expand their operations. Criterium Engineers was engaged to perform a pre-purchase Property Condition Assessment as well as a….

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A Pre-Lease Property Condition Assessment Pays For Itself!

pre-lease property condition assessment

Criterium Engineers provides the straightforward evaluation required for an extensive Pre-Lease Property Condition Assessment (PCA) for clients looking to lease buildings of all sizes. They are especially useful for Triple-Net Lease negotiations. Be Informed! Investing in due diligence and being an informed lessee provides greater confidence in the property, quantitative information for tenants, as well….

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Cinamon Building: It’s Not About the Spice!

Cinamon Building Portland Maine

Congratulations to our clients Jim & Rebecca Henry, represented by Josh Soley of Maine Realty Advisors, on their recent purchase of the Cinamon Building at 1 Pleasant Street in downtown Portland, Maine. The historic structure built in 1900 is named not for the aromatic spice, but instead for the longtime owners—the Cinamon family—with a slight….

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Accelerate Depreciation for Your Commercial Real Estate

Accelerated depreciation via a cost segregation study may be used for many properties

What property types benefit most from accelerated depreciation with a Cost Segregation Study?   Many of the costs embedded in a new or existing building can be segregated into categories that also allow for more rapid — or accelerated — depreciation. Many items inside the building – furnishings, fixtures, flooring and the like – can….

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Lewiston Gateway: Congratulations to MH Properties

Lewiston Gateway

Congratulations to our client Matt Hancock of MH Properties LLC, based in Maine, on his recent purchase of three adjacent properties in Lewiston, Maine: 475 Lisbon Street 491 Lisbon Street 500 Canal Street Criterium Engineers was hired to perform Commercial Building Inspections, conducted by Jack Carr, P.E., on all three buildings, known as the Lewiston….

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Congrats to Our Client Connecticut River Capital

Connecticut River Capital recently purchased 465 Congress St Portland

Congratulations to our clients at Connecticut River Capital for their recent purchase of 465 Congress Street and their plans to get Portland’s first skyscraper ‘back to where it should be,’ as mentioned in the Portland Press Herald. Criterium Engineers was engaged to perform a Property Condition Assessment, which was conducted by Campbell Grant, P.E., prior….

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Hurricane Season is Here—Are You Ready?

Hurricane season preparation info from FEMA

The engineers at Criterium encourage residents, homeowners, condo/apartment owners, and commercial property owners to prepare for the hurricane season which begins each year on the first of June. This year’s seasonal forecast was recently announced by NOAA’s Climate Prediction. They predict a near-normal Atlantic hurricane season this year with a range of 9 to 15….

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