Growing Family Appliances Business in Auburn Expands to New Headquarters
A fast-growing family-owned appliance and mattress company from Auburn has purchased new digs for its headquarters and also plans to expand its warehouse and distribution facilities.
Agren HQ LLC purchased 11 Adamian Drive in Auburn from Lepage Leasing for $ 1.09 million.
Justin Lamontagne of NAI The Dunham Group and Mac Simpson and Peter Gwilyn of Porta & Co. negotiated the transaction.
The building consists of a 10,407 square foot Class A office building on 2.1 acres, with parking for 70 cars. The property is less than one mile from Exit 75 of I-95.
According to marketing information, the building previously served as the headquarters of Flowers Foods, formerly known as Lepage Bakeries. The list price was $ 1.249 million.
Agen Appliance owner Jason Agren had previously acquired a 12-acre parcel adjoining 11 Adamian Drive, said Lamontagne, who represented Agren. When Lamontagne spotted the sign for sale at 11 Adamian, he said, he quickly alerted Agren.
Built in 1996 by its previous owner, the building and square footage is in “phenomenal shape,” Lamontagne said.
“It ticked a lot of boxes,” he said. “He bought it for a great price, and you can’t beat the location. It was a very good smooth transition.
Courtesy / Porta & Co.
Built in 1996, 11 Adamian Drive in Auburn was ready to move into the new Agren Appliance headquarters.
The company was previously headquartered in its retail store located at 40 Minot Avenue in Auburn.
“We are completely out of space,” Agren said. “We had people who shared offices.”
Agren originally planned to build new offices as well as a warehouse and distribution facility on the adjacent 12-acre parcel.
“But it did happen, so it was a great time to move in,” he said.
Agren moved its staff from 20 to 25 in the building shortly after the deal was struck.
“We’re doing renovations while we’re at it,” he said. “We don’t need to do much. It was ready to move in.
The company employs 115 people in total.
Plans now call for the hiring of five to ten people. Recently advertised jobs include service technicians, customer service representatives, and delivery and warehouse associates.
The adjacent plot will still be used to build a warehouse and distribution facility, he noted.
Agren Appliance was founded by Aren’s father in 1969.
“He started making service calls, and then all of his customers were like, ‘Why don’t you start selling appliances? Said Agren. “So he opened a little store on Turner Street in Auburn.”
The business has grown. The elder Agren bought and moved to 40 Minot Ave., then expanded to other places he rented.
Jason Agren bought the business from his father about 12 years ago and has grown even further. Today it has six outlets – the original spot at 40 Minot Ave. in Auburn, as well as Norway, Topsham, Saco, Bridgton and South Portland.
In addition to the new headquarters in Auburn, Agren also recently finalized the purchase of additional space at its South Portland location, located at 35 Foden Road.
“It was a relatively complicated transaction,” said Lamontagne, who also represented Agren in the transaction.
The building at 35 Foden Road has long been divided into two condominiums. Agren already owned and occupied one of the condos at one of his appliance stores.
Courtesy / Agren Appliance
Seen here is the new store front planned by Agren at 35 Foden Road in South Portland.
The owner of a Bedderrest Matelas and Furniture branch also owned the other condo, which measured approximately 18,000 square feet, Lamontagne said.
When the owner of Bedderrest decided to sell his condo, Agren saw an opportunity to expand his space and create a mattress showroom as part of this store.
But Agren didn’t need all of the 18,000 square feet. So he bought 7,310 square feet for $ 887,250. Lamontagne and Greg Hastings, also from NAI The Dunham Group, negotiated the deal.
FodenWest LLC purchased the remaining 11,662 square feet for $ 1,376,750. Hastings and Kirk Butterfield of KW Commercial negotiated the sale.
Each unit has its own parking lot.
Agren said he was working on renovations at the South Portland location. This includes the construction of the mattress showroom and landscaping.
Demand has been strong over the past year as people have spent money to improve their homes, he said.
“But we were growing up before that,” he added.
The company is the largest independent retailer of combination devices and mattresses in Maine, he said. It takes pride in its competitive pricing as well as delivery and installation.
“In fact, our prices are generally lower than box stores,” Agren said. “Plus you get that ‘local support’ thing.”