Westbrook, Maine, mill purchased by New Hampshire company
WESTBROOK, Maine (AP) — A New Hampshire company with a history of reinventing shuttered mills has made a purchase in Westbrook, Maine.
Chinburg Properties, of Newmarket, New Hampshire, paid $5.1 million this month for the Dana Warp Mill, a former textile mill at 90 Bridge St. The five-story brick building stretches along the Presumpscot River and overlooks downtown Westbrook.
President and CEO Eric Chinburg tells the Portland Press Herald that the company usually buys and redevelops vacant mill buildings. But the new purchase is different because the mill has been renovated and has existing tenants.
The 246,000-square-foot former textile mill is now about 70 percent leased by dozens of commercial tenants. Chinburg said apartments likely will be added to the mix.