New Hampshire’s Chinburg Properties buys historic Maine mill

Westbrook building acquired for $5.1 million
NH Business Review Staff,

Newmarket, NH-based Chinburg Properties, which has rehabbed dozens of properties for residential and commercial use on the New Hampshire Seacoast, southern Maine and the North Shore of Massachusetts, has added to its portfolio with the purchase of an historic former mill in Westbrook, Maine.

The company acquired the 130-year-old Dana Warp Mill for $5.1 million from Westbrook investor Aleksandar “Sasa” Cook. The price is about double the $2.5 million that Cook paid for the mill seven years ago, according to the Portland Press Herald.

The 250,000-square-foot mill houses some 70 businesses, although the company is expecting to add residential units to the building.

Categories: Real Estate & Construction

More news from NHBR:

Nongfu Spring From Alibabacom
Energy and Environment, Government, Real Estate & Construction

Unbottling the Nongfu Spring deal

New Hampshire’s attorney general says no improprieties by state officials preceded the sale of a large Nashua commercial building to China’s largest water bottler. But Attorney General John Formella’s report to Gov. Kelly Ayotte dated Oct. 3 says the provisions of federal law should have taken place prior to the sale of the 337,391-square-foot building at 80 Northwest Blvd. in Nashua by a subsidiary of Nongfu Spring.