December 21, 2007
| last updated November 30, 2011 8:25 pm
Northport MBNA site sold
A Maryland businessman this week bought a former MBNA retreat in Northport.
John Erickson, chairman and CEO of Erickson Retirement Communities in Baltimore, Md., bought the 378-acre Point Lookout site from Bank of America, the Camden Herald reported yesterday. Bank of America took ownership of the site after it acquired MBNA in 2005.
Erickson, whose company owns and operates 20 retirement communities in the U.S., plans to turn the site into an employee training center. The sale price was not disclosed, but the long-vacant site had been on the market for $26.4 million, the paper said.