Boston firm buys Sanford mill for $210K
A Boston developer has purchased the former Stenton Trust Mill in Sanford with plans to rehabilitate the downtown landmark.
Boston Commons Investment LLC purchased the vacant 294,000-square-foot mill complex for $210,000 at a bank foreclosure auction Monday, the Portland Press Herald reported. The company also will take on about $68,000 in back taxes and utility bills. The town has said it's willing to help the firm apply for federal funds to address remaining environmental contamination, estimated at $400,000, the paper reported.
Boston Commons Investment, which has renovated similar properties in Massachusetts, couldn't be reached for comment on its renovation plan for the former textile mill. Its principals, Michael DeVos and Bart Bussink, beat out the only other bidder, Chinburg Builders Inc. of Durham, N.H., by $5,000, the Journal Tribune reported.
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