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W W W. M A I N E B I Z . B I Z 7 S E P T E M B E R 6 , 2 0 2 1 The Downs hits capacity with business park Two years after Crossroads Holdings LLC broke ground on a business park inside the Downs mixed-use develop- ment in Scarborough, the developer announced that the hub is fully sold out and valued at $125 million after IDEXX Laboratories Inc. (Nasdaq: IDXX) snagged the last industrial lot. e Westbrook-based provider of veterinary diagnostics, veterinary practice software and water microbiology testing bought a 25-acre lot for an undisclosed amount; the company did not immediately respond to a request for further informa- tion. e $125 million valuation is higher than expected at the 154-acre subdistrict known as the Innovation District, which broke ground in August 2019 and will create more than 825,000 square feet of non-residential construction space. Bou- los Co. brokers had originally expected to sell five lots a year, which would have taken 10 to 12 years for the whole Innovation Hub, according to a spokes- woman for Crossroads Holdings. N O T E W O R T H Y S O U T H E R N Maine's tallest building, to be known as 201 Federal Street, has broken ground in Portland. The $64 million project will create 250 construction S O U T H E R N WE MADE IT! J O I N U S AT T H E M A M E A N N U A L M F G S U M M I T & G A L A Be a part of the 2021 Manufacturers Association of Maine's Summit & Annual Gala on October 28. This will be a new combined event making it bigger and better than ever! These two events will bring together approximately 450 companies, through-out the day, from across all manufacturing sectors to discuss the latest trends, innovation, news, and growth opportunities for the future. We will also be recognizing Maine manufacturers who have been making PPE and will be presenting awards to our honorees. You don't want to miss this year's pivotal time in Manufacturing! Sponsored by: Networking Sponsor: Presented by: Dedicated to supporting, promoting and growing manufacturing in Maine! TODAY R E G I S T E R | S P O N S O R | E X H I B I T TINYURL.COM/MAMESUMGALA2021 O C T O B E R 2 8 / 1 : 0 0 P M – 8 : 0 0 P M / P O R T L A N D E L K S C L U B Congratulations to Derek Volk and Ed Kearney (posthumous) — 2021 Hall of Fame Inductees ANNOUNCED AT THE EVENT 2021 Manufacturer of the Year 2021 Innovator of the Year $125M Scarborough business park at capacity years ahead of schedule — The Downs proves a major addition to southern Maine Portland B&M plant to go from beans to 'brains' as Roux Institute campus — From baked beans manufacturing to innovation and life sciences With output from new solar farm in Waldoboro, Bigelow Lab gets greener — Well done Husson marks new chapter with state-of-the- art College of Business building — A positive for Maine's educational system In a major blow to Maine's dairy farms, global food producer will end contracts — Feels like familiar territory for dairy producers 125 boats parade in protest against proposed Frenchman Bay salmon farm — Ironically, some lobstermen are diversifying into aquaculture, so where's the line? Citing COVID concerns, Maine State Music Theatre scraps most of season — A big setback for a small nonprofit C R E D I T S & D E B I T S P H O T O / C O U R T E S Y O F C RO S S RO A D S H O L D I N G S L L C Residents of the Innovation District at the Downs in Scarborough include Throttle Car Club, a new social club for automobile enthusiasts.