$2M invest in of South Portland property readies Horch Roofing for choosing, enlargement

$2M invest in of South Portland property readies Horch Roofing for choosing, enlargement

Warren-based Horch Roofing has obtained an industrial making in South Portland as a new outpost for the firm’s planned enlargement in southern Maine, and expects to hire up to 30 people today there above the next year.

The roofing and gutter companies organization, which at the moment employs 55 employees, claimed the housing boom and the driving length from the midcoast prompted the search for house.

“I’d been on the lookout, but not seriously on the lookout, above the previous five years,” Horch Roofing President Peter Horch explained to Mainebiz. “This came up and we saw it and made an offer you the subsequent day.”

The home at 184 Principal St. in South Portland has 23,219 square feet, warehouse house, places of work and some current tenants. Horch mentioned he obtained the assets, which has simple obtain to Interstate 295 and fantastic visibility on Major Avenue, for about $1.9 million.

Courtesy / The Boulos Co.

Horch Roofing’s new South Portland facility, revealed listed here, capabilities place of work and warehouse house at 184 Most important St.

“We’re very busy and this is a great likelihood to even more grow our company and expert services in southern Maine,” Horch claimed.

He reported the present increase in design, as very well as the age of roofs from the final increase that in 2008, usually means Horch Roofing’s products and services are in demand. Business enterprise is up 40% over last yr.

Horch said he strategies to devote about $250,000 to renovate the Major Street property.

“We want to make this a better and additional appealing place. The making needs some really like. About the future 3 to 5 a long time, we want to carry up the aesthetics and setting up techniques to a new amount,” Horch stated.

Justin Lamontagne of the Dunham Team was the listing broker. Jessica Estes, partner with the Boulos Co., labored with Horch Roofing.

Estes informed Mainebiz that the Principal Avenue home needed a exceptional buyer since the building has present tenants.

“It essential somebody willing to be an trader and a landlord as properly. This is a excellent in shape for Horch Roofing, as it has business spaces and warehouse space for them as effectively,” Estes reported.

“The industrial sector is terribly limited ideal now,” she additional, citing enhanced space needs for retail warehouses, breweries and cannabis enterprises.

Estes explained the industrial vacancy rate in the Portland place was underneath 2% and has been restricted for almost a ten years. She reported the market place would need to have a emptiness fee nearer to 5% to be deemed “healthy.”

Horch Roofing, launched in 2003, delivers household and professional roofing expert services which includes asphalt and standing-seam metal roofing, seamless gutters and roofing repairs. Peter Horch reported the enterprise differentiates itself with its recycling endeavours. The organization has recycled 100% of its roofing squander since 2010, or more than 15 million lbs . of particles.