Tall Timber Trust buys nearly 300,000 acres in North Maine Woods

More than 290,000 acres of northern Maine forestlands in Aroostook, Penobscot and Piscataquis counties have been sold to Tall Timber Trust, according to forestry consultant Gary Bahlkow.In the private transaction, the price of which has not been disclosed, Canopy Timberlands, LLC, sold two major blocks of forestland to Tall Timber Trust, said Bahlkow, who is overseeing the transition of lands and the forestry and contracting teams for Tall Timber. The deal closed Sept. 30, he said.“They both have been working forest for a long time and continue to be,” Bahlkow said of the two blocks of the land, both comprised of mixed hardwood and softwood forests.Bahlkow declined to share more information on Tall Timber Trust’s ownership or the extent of its land holdings in Maine, saying the company wants to maintain a “low profile” during a “routine timberland investment transaction.” A quit claim deed filed with the Penobscot County Register of Deeds lists D. Ben Benoit as a trustee of Tall Timber Trust, created in Connecticut in 2007.

Source: Tall Timber Trust buys nearly 300,000 acres in North Maine Woods — Business — Bangor Daily News — BDN Maine