NH company aims to revitalize Millinocket’s retail with shopping center purchase

BANGOR DAILY NEWS • July 22, 2021

Northeast Living LLC said this week that it had purchased the Northern Shopping Plaza at 800 Central St. in Millinocket for $1.6 million. At 82,505 square feet, the plaza can hold nine businesses. The property’s most recent assessed value was $780,400. Since the Great Northern Paper Co. mill’s closure in 2008, Millinocket has struggled to revitalize its local economy. In June, Our Katahdin, which owns the former paper mill site, announced that it had leased part of the site to Nautilus Data Technologies to host a $300 million data center that would eventually employ 30 people. It marked the first new tenant the organization had attracted to the defunct mill site. Northeast Living owner Uri Peer said he was drawn to the area because of its proximity to Katahdin and Baxter State Park, and the people “moving there for creation and investment.”