PORTLAND, Maine—A former processed meat plant in Portland that had once been envisioned as the site of a hotel and upscale condominiums is getting a new owner.
Greg Boulos of commercial real estate broker CB Richard Ellis says the 1.8 acre property with views of the Portland harbor is under contract to be sold.
He wouldn't identify the new buyer, the plans for the site or the purchase price.
The property in a section of Portland that is being redeveloped has been on the market for two years with a listed price of $4.75 million.
Its current owner never moved ahead with its development plans.
The Portland Press Herald says Jordan's Meats operated the plant until 2005.
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Information from: Portland Press Herald, http://www.pressherald.com
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