Mainebiz

January 11, 2016

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Powering Maine's commercial real estate market since 1975. www.boulos.com 207.772.1333 Northland Enterprises is an innovative real estate development company with a passion for making deals that are good for communities, tenants, and investors. Joe Porta plays a key role on their team, finding properties with latent value, then finding tenants with vision. Six years in development, with complex challenges at every turn, the 66,500-square-foot building is now fully restored. More than two thirds of the commercial space has been leased and there's a waiting list for residential units. The mill is one of two Northland projects to receive statewide honors in the past three years. INNOVATIVE SOLUTIONS Providing GRIST for the mill The Boulos Company "When the town of Sanford approached us about renovating this old mill, we knew it would be complicated—brownfield remediation, establishing an historic district, shaking the trees for money. With tax credits and grants on board, we needed one commercial tenant to secure the initial loan. Joe Porta found Saundarya Salon—now an anchor tenant—and helped them see past a dilapidated, aban- doned mill to the beautiful day spa they operate today. We love working with Joe because he's as innovative and persistent as we are—and we're pretty persistent. Even more importantly, Joe has integrity. It's a good fit with the business philosophy we've cultivated." —Josh Benthien and Rex Bell, Partners, Northland Enterprises

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