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Thermoplastic self-bonding ribbon. Ultraviolet light sanitizing machines. Giant abstract public sculptures. Life science product prototypes.
These are some of the enterprising things being produced at the Mill Brook Business Center, a new development of 16 industrial condominium units at 10 Mill Brook Road in Saco.
The center has proven to be a successful draw for a diverse collection of small businesses. That’s just how Portland-based Baha LLC developers Dave Smaha and Anthony Barbano envisioned it.
“I love the variety of different businesses,” says Smaha. “At the end of the day, these businesses own their space. Their payments are similar to what they’d pay on a lease basis, but instead go into their building equity. It’s a win-win situation.”
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Industrial unit construction seems to be trending up now in southern Maine.
In Scarborough, the shovel has hit the ground to build 10 industrial condominium and 10 lease units at the Innovation District at The Downs.
“We know that there’s a very, very low amount of inventory on the market right now,” Roccy Risbara, a partner in Crossroads Holdings LLC developer of the 525-acre Downs project told Mainebiz. “So we were pretty sure we would see some demand for this style of unit.”
A similar development, the Mill Brook Business Center at 10 Mill Brook Road in Saco, has sold out all 13 of its completed industrial flex condos and has seen significant interest in the last three expected to begin construction this spring. The developer there is BAHA LLC.
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