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The former Knox Mill in Camden has been released from bank receivership, now that the final major parcels have been purchased by a local resident.
Businessman Matt Orne of AHP Camden LLC on Monday bought buildings 3, 4 and 5 for $595,000, half their $1.2 million asking price, according to the Herald Gazette. The buildings are currently about 70% occupied with small businesses and shops, and Orne told the paper he plans to undertake some needed maintenance on the properties. He plans to continue to run it as an office and retail complex and hopes to attract an Italian restaurant.
In November, a group of investors doing business as KELM Acquisition LLC bought an 80,000-square-foot chunk of the mill with plans to continue the previous owners' work in developing 26 condo units. The sale also included parking spaces and some retail space for a total of $2.5 million.
The Knox Mill properties, once owned by MBNA, were put into receivership in April 2009 after Pittsburgh-based PNC Bank claimed Maine Investment Properties of Baltimore owed it nearly $20 million in unpaid mortgage bills.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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