Miami, FL – November 29, 2011 – (RealEstateRama) — The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has selected The Dartmouth Company and WRE Commercial Brokers as the exclusive retail leasing agents for Maritime Landing. Maritime Landing is The Federated Companies’ one-million square foot, mixed-use development project in the Bayside neighborhood of Portland, Maine. Peter Considine of The Dartmouth Company and Jay Wise of WRE Commercial Brokers will market and lease the retail segment of Maritime Landing on behalf of The Federated Companies. The combination of WRE and The Dartmouth Company gives Maritime Landing a local as well as a national and regional perspective in the deal-making process.
Maritime Landing encompasses seven lots of land totaling 3.25 acres, is conveniently located on Somerset and Elm Streets, providing easy access to downtown Portland, the historic Old Port, and I-295; and is less than one mile to the University of Southern Maine campus. Plans for the project include approximately 97,161 square feet of retail; a 96,000 square foot full-service hotel; 554 luxury housing units, and a 1,060 space public parking structure. The development is shadow-anchored by Whole Foods and Trader Joe’s, has excellent street visibility, high traffic counts, ample street parking, and offers highway signage opportunities. Construction of the project’s first phase is scheduled to commence in April 2012.
“We continue to be excited about Maritime Landing, and are confident that the combined area and retail experience of the team of The Dartmouth Company and WRE Commercial Brokers make them the best selection for this project,” said Nick Wexler, Chief Operating Officer of The Federated Companies.
“We are thrilled to work with The Federated Companies on such an exciting project,” said The Dartmouth Companies’ Peter Considine. “Given the ideal location and size of the space available, we believe that Maritime Landing will be one of Portland’s most desirable retail locations.”
About the Federated Companies
The Federated Companies is a national real estate investment group with offices in Boston, MA and Miami, FL. The company is a vertically integrated organization that is a leader in the acquisition, development, construction, and management of multifamily apartment communities and net lease retail assets. Founded in 1999, the company has successfully navigated several market cycles, demonstrating program flexibility, and disciplined investing. In addition to its traditional investment objectives, The Federated Companies strives to maintain a competitive edge in the marketplace while balancing environmental, economic, and social objectives. The firm is a member of the United States Green Building Council and a Federal Energy Star Partner.
About The Dartmouth Company
The Dartmouth Company is a full service commercial real estate firm specializing in the leasing and sale of retail properties throughout New England and upstate New York. With offices in Boston, MA; Albany, NY; Greenwich, CT; and Paramus, NJ – The Dartmouth Company’s twenty experienced brokers represent a variety of national, regional, and local retail tenants. In addition to tenant representation, The Dartmouth Company also represents public and private landlords in the leasing of retail shopping centers, storefronts, and other commercial properties. The key to the company’s success has been the quality of its team members and an in-depth understanding of the markets in which they operate. The well-balanced Dartmouth team has a twenty-year track record of exceeding the expectations of its landlord and tenant clients.
About WRE Commercial Brokers
WRE is a full service commercial real estate firm specializing in the leasing and management of retail properties throughout the State of Maine. In addition to its landlord work, WRE serves as a tenant representation broker for many national and regional tenants throughout the State of Maine and the broader New England market. The key to the company’s success lies in its thorough understanding of the needs of its landlord and retailer client base, an intimate knowledge of the Company’s market area, and the determination to achieve superior results and remain a leader in the Maine real estate market.
Vice President of Marketing
The Federated Companies