“We have faith in the market,” Steinburgh said. The two mill buildings were used for many years by the former David & Furber textile company.
From a legal standpoint, there are actually two investment groups that own the mills, Steinburgh explained. RCG North Andover Mills LLC owns the East Mill, while RCG West Mill NA LLC is the new owner of the West Mill, he said.
Both properties, however, will be run by the same RCG management group, he added.
“We believe in North Andover,” Steinburgh said.