Feb. 15, 2022 PORTLAND, MAINE, Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, MA and Tom Moulton, CCIM, SIOR of Dunham-Group of Portland, Maine are pleased to announce that they represented CADC Holdings/DeepEdge of Boston, MA in its acquisition of 340 Cumberland Avenue, Portland, Maine. The sale occurred February 15, 2022 for $6,900,000. This office center facility is comprised of approximately 52,272 square feet in downtown Portland. This is the second office acquisition by CADC Holdings. Rob has been engaged as its national real estate consultant by Deep Edge to negotiate building acquisitions, lease renewals, new leases and brokerage agreements on acquisitions. Rob contacted Tom Moulton who is an SIOR in Portland to assist in its search for a Portland office facility. DeepEdge currently has a facility in Charlotte, NC that it purchased as an office/data center at 701 E. Trade Street, Charlotte, NC. It has recently leased space in Reno, NV. Deep Edge has a long-term plan to acquire or lease up to twenty locations throughout the U.S. Deep Edge is a data center operation backed by private equity. Martin Hannigan is the Founder and CEO of Deep Edge located in Boston, MA. Martin has worked at Level 3 Communication has Director of Network Operations, as well as working at INAP, EarthLink Internet, Verisign, Verne Global, Microsoft and others. He has a deep level of contacts in the data center/telecommunications industry. Deep Edge is backed by two U.S. private equity companies. Deep Edge recently purchased the 37,070 square foot Charlotte office building in late 2020 and the Portland facility in February, 2022.
Auburndale Realty Company
Auburndale Realty Co., founded in 1949, specialized in leasing and managing rental apartments and single-family homes along the Route 128 beltway. It became the largest apartment property management company in Newton, MA. In 1960, it became one of Boston’s first real estate syndicators, specializing in apartment complex acquisitions. In 1989, Robert J. Nahigian joined the firm, with over 52 years of experience in commercial and industrial real estate. The firm has expanded its developments and holdings since 1985.
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