Wednesday, May 25, 2011

New Investor Looks to Own Dana Warp Mill


A local real estate investor has taken over the loan on a former Westbrook mill
and hopes to soon own the landmark building that's home to a mix of small
businesses and art studios. Aleksandar "Sasa" Cook, who owns three other
properties in Westbrook, purchased the loan on the Dana Warp Mill from Bank of
America earlier this month. He expects to take ownership of the five-story brick
building after a foreclosure auction in June. Cook plans to continue to market
the 250,000-square-foot building, which is 30 percent vacant, as a good place to
grow a young company.

Related: Owner of Dana Warp Mill Victim of Foreclosure (September 10, 2010)

- John C.L. Morgan

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