By Mainebiz
Portland real estate firm CORE and Finard Properties, a Boston real estate development and management company with an office in Portland, teamed up to acquire 464,000 square feet of space across 13 buildings at the Pepperell Mill complex in Biddeford.
The purchase price was $17.5 million and the seller was Presidium Group.
“One of our first priorities is to get to know the tenants,” said Todd Finard, CEO of Finard Properties. “We’re spending a lot of time in this initial year listening to businesses.”
“Our goal is to ensure that the mill remains a place of lasting value and significance,” said Josh Soley, CORE’s president.