New Mill Capital Holdings, Infinity Assets, Camjay LLC Purchase Maine Mill Assets of Pixelle Specialty Solutions

GT2 Redevelopment LLC, a Joint Venture of New Mill Capital Holdings (www.newmillcapital.com), Infinity Asset Solutions (www.infinityassets.com) and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions in Jay, ME. The acquisition includes the real estate of the main paper mill site as well as all mill equipment and the adjacent cogeneration power plant.

“We are thrilled to have acquired the Jay mill and plan on making a significant investment to bring economic life back to the property,” said Tony McDonald, President of Camjay. “The site’s heavy infrastructure can be repurposed for a variety of industrial uses, and we have already started the process of identifying potential new users for the property.”

The new owners plan to sell certain mill assets that are no longer usable on the property. An auction is scheduled for May 7-10, 2024. Once that process is complete, the property will be available for tenants. The building contains almost one million square feet of space, most served with heavy-duty overhead cranes and ample power, with some space having clear heights over 50 feet. The site also has rail, natural gas, a 26 million gallon per day wastewater treatment plant, and a large number of environmental permits that can be repurposed for a variety of uses. The buildings also lay out well for multi-tenant space, with several bays having their own loading, parking, and office areas.
more at: https://www.businesswire.com/news/home/20240111899322/en/New-Mill-Capital-Holdings-Infinity-Assets-Camjay-LLC-Purchase-Maine-Mill-Assets-of-Pixelle-Specialty-Solutions