Navatek, a global marine systems engineering firm, has moved into 4,800 square feet of new laboratory and shop space on West Commercial Street in Portland with plans for further expansion.
Navatek, a global marine systems engineering firm, has moved into Building D of the Portland Co. Marine Complex on West Commercial Street in Portland. Photo courtesy of The Boulos Company
The first phase of a three-phase expansion plan is being facilitated by Tony McDonald of The Boulos Company, representing property owner Phin Sprague; and Justin Lamontagne of NAI The Dunham Group, representing Navatek, according to a news release issued Tuesday.
This September, Navatek will take over another 7,560 square feet of office space in Building D at the Portland Co. Marine Complex on the city’s western waterfront, according to the release. Plans are underway to construct an additional 15,000 square feet of office space that would be ready for occupancy in September 2021, it said.
With offices in Hawaii, Rhode Island and now Maine, Navatek supports the military, industry and academia, providing expertise in computational fluid dynamics and complex engineered systems.
“The opening of the new Portland office at 100 West Commercial allows Navatek to continue its growth and have access to Portland’s waterfront,” said David Kring, senior vice president at Navatek, in the release. “This will enhance our partnership with the University of Maine and with the state’s boat building supply chain.”
The expansion will create jobs, according to Kring, who also noted Navatek’s new Bangor office.
“We have plans to increase our staff across the state to over 60 this year, with room to grow to 120 in the new facilities,” he said.
Send questions/comments to the editors.
-
BusinessFight between rival energy companies threatens to delay CMP’s $1 billion energy corridor
-
Times Record
Sen. King: Draft defense bill restores destroyer that could be built at BIW
-
Nation & World
Firefighters end search and rescue efforts at Florida condo collapse
-
Nation & World
To reach a peace deal, Taliban say Afghan president must go
-
Varsity Maine
Fryeburg Academy’s Morgan Fusco named Miss Maine Softball
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi {SUB NAME}, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.