One of the most recognizable buildings in Maine has been sold for $9.3 million.
The 14-story Time & Temperature building in Portland was up for bid in an auction that ran through Thursday afternoon. The Portland Press Herald reports the leading bid went as high as $5.25 million on Wednesday evening before continuing on Thursday.
The bidding began Tuesday and started with a minimum bid of $2.75 million. The building's previous sale price was $12 million. The lead broker for the auction says the winning bidder's identity won't be revealed until all of the paperwork is finished.
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The office tower opened in 1924. It was seized by a collections agency in 2016 after years of neglect and loss of tenants. It's well known for its rooftop clock and message board.