2 key Old Port properties up for sale

Posted June 07, 2011, at 9:52 a.m.

PORTLAND, Maine — Two key pieces of real estate in the Old Port are due to be sold at foreclosure auctions.

The property is just a block from the Portland waterfront.

The holder of the mortgages has scheduled the auction for 10 a.m. June 30.

Old Port Retail Holdings bought the properties in May 2007. The sale price of one parcel was $6.86 million, the other was $1.45 million.

Old Port Retail lawyer Nathan Smith told the Portland Press Herald he was not at liberty to explain the circumstances of the foreclosure.