PORTLAND — The family of companies comprising CBRE | The Boulos Company, CBRE | Portsmouth, and CBRE | Boulos Asset Management — collectively Northern New England’s largest commercial real estate firm serving owners, investors, and tenants throughout Maine and seacoast New Hampshire —announced that its affiliation agreement with national real estate firm CBRE Inc., will end effective December 31, 2018.
The Boulos Company was founded by Joe Boulos in 1975. From its roots as a small office on Exchange Street in Portland, the firm has since grown to include a 30+ person Maine headquarters, a Portsmouth office (added in 1999), and an asset management division.
According to Managing director and partner Drew Sigfridson, the 17-year partnership with CBRE has been beneficial for both firms. While the company’s name will change (back to The Boulos Company) along with its logo and other brand components, the assets it considers most essential will remain in place. The firm’s ownership group, associates, and support staff are all remaining and there will not be any personnel changes as a result of the affiliation change.
The caliber of service the company delivers will remain consistent, too. “Our relationships with local developers, business owners, and property owners will not change, nor will our commitment to their success or our ability to tap into the national marketplace,” said Sigfridson. In fact, Boulos brokers anticipate opportunities to broaden and diversify their national brokerage relationships with other firms and through its affiliation with organizations like Certified Commercial Investment Member (CCIM), Society of Industrial and Office Realtors (SIOR), and International Council of Shopping Centers (ICSC).
The change will also allow for flexible, local advertising and marketing decisions. The Boulos Company plans to enhance its property listing service and deploy more creative and agile marketing strategies with a more customized platform. The company’s new website will feature a user-friendly and visually appealing listing search as well as property photo galleries. An expanded social media presence is also in the works.
Under the new structure, Boulos will continue to focus on its relationships with Maine’s small businesses and its customized solutions for some of Maine’s largest organizations. The new platform will allow brokers to use their discretion and tailor each listing’s promotion for maximum exposure in each local market, for that specific property. “We want to be the go-to resource for business owners seeking to buy, sell, or lease commercial property of any size — whether it’s 1,500 square feet or 50,000 square feet. We want the most user-friendly resources for our clients and customers involved in any aspect of commercial real estate,” said Sigfridson.
The company will be making internal investments as well, with plans in the works to enhance the Boulos in-house training and mentoring program, continuing to develop entry-level associates into fully credentialed brokers, and allowing team members from across the company to train in different roles. In conjunction with the rebranding effort, Boulos is also continuing to recruit top talent in northern New England with brokerage and management experience in the retail, office, industrial, and multi-family sectors.
The new structure will go into effect on Jan. 1, 2019.
About The Boulos Company:
Founded by Joseph Boulos in 1975, The Boulos Company now consists of 70+ Portland, Maine and Portsmouth, New Hampshire-based employees dedicated to serving Northern New England’s commercial real estate owners, investors, and tenants. The company provides office, industrial, retail, multi-unit and investment real estate services with local market intelligence and global reach. Services include strategic property leasing and sales advice and execution, property and facilities management, project management, investment management, valuation, appraisal, research, investment strategy, and consulting. Using a managed teamwork approach, The Boulos Company fields a custom-selected group of professionals to answer each client’s specific and changing needs. Each individual Boulos team member’s market knowledge is complemented by proprietary, in-house research databases and an organizational structure designed to harness the firm’s collective expertise.