The combined firm employs over 30 staff and expects annual revenues to be about $4 million. Further expansion may be on the horizon. "It's grow or die," said a One River director.
The sale of 46 FirstPark Drive, a 20,000-square-foot office building, is the fourth commercial transaction at the 285-acre commerce and technology park on the Oakland-Waterville line this year.
The economic development organization gave its annual prize to the co-owner of a business that has opened four locations across central Maine in the past 16 years.
The 285-acre business park was formed by 24 towns comprising the Kennebec Regional Development Authority in 1999, and funded with a $3.5 million 20-year bond. It was officially paid off this week with a final payment of $256,722.
The pandemic has increased the value of producing, manufacturing and buying products made in the U.S., which could make the Oakland business park more attractive, its executive director says.
FirstPark, the 285-acre business park in Oakland, is seeing a surge of interest amid the pandemic, including the park's third sale of property this year.
The Scarborough construction company, founded by Denis Landry and Keven French on the receding wave of the Great Recession, has forged partnerships and built major projects. An Oakland technology and commerce park will soon announce a broker to sell the campus.
J.B. Brown & Sons paid $10.7 million for the 78,610-square-foot site, where a T-Mobile customer care center is under lease through August 2027 and has renewal options.
The partnership with Greenlight Maine's "Collegiate Challenge" is the latest move in an aggressive strategy to increase visibility and tenants at the 285-acre campus.