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Land Preservation: A Driving Force Behind a New Breed of Land Buyer and Developer

Land Preservation: A Driving Force Behind a New Breed of Land Buyer and Developer

NEWRY, ME -- (MARKET WIRE) -- 12/18/07 -- A new kind of development in Maine's Sunday River area is "breaking the mold" for land development by delivering both environmental advocacy and prestige to meet the needs of a new breed of customer.

LandSource, LLC, a sister company of James W. Powers, Inc. and Northern Acres, has created Great Brook Preserve in the Sunday River, Maine area, a project dedicated to attracting strong environmental advocates seeking premium quality for primary, secondary or retirement homes.

Of the original 8,700 acres purchased by the developer, only 6% are being developed. After selling a large tract, the developer has donated nearly 600 acres of the remaining land to the non-profit land trust, Western Maine Charitable Foundation, in which the land will be preserved in perpetuity.

This donation plays a very important role in a large scale conservation effort in the state of Maine. According to David Herring, foundation executive director, the donation is a "critical link" into Newry from the north/east and links the corridor to the Outward Bound L.L. Bean Mountain Center.

Herring adds, "It is a very important piece of land for us and moves us one step closer to achieving our objective of conserving a 180-mile corridor from Rockwood to the Newry area and building and operating a hut and trail system."

Jim Powers of LandSource, LLC says, "We are talking about a donation of land that could have been very marketable, particularly with its incredible views of the Mahoosuc Mountain Range, Sunday River Ski Resort, streams and waterfalls that will be accessible as great hiking, cross-country skiing, snowmobile and fishing venues."

He adds, "This is about delivering on a project that we can be proud of for many generations. In the land development world, you can leave your mark in many different ways. We feel that Great Brook Preserve is a shining example of the right way. We are very proud of what this represents for our customers and for our legacy as a company."

Brit West, a purchaser of a 7.6 acre lot, is representative of the new breed of land buyer who is attracted to Great Brook Preserve. West says, "After considerable research we decided Great Brook was the right choice as it offers an incredible combination as an outstanding recreational venue for my family and a development that delivers a great message about land preservation in a very beautiful part of the world."

"Great Brook Preserve is really a great connection to this new breed of buyer," says Powers.

Phase 1 of Great Brook Preserve is already more than 80 percent sold out and Phase 2 was recently launched.

Great Brook Preserve at Sunday River offers not only great proximity and views of Sunday River Ski Resort but also close access to the award-winning Sunday River Golf Club designed by Robert Trent Jones, Jr., Grafton Notch State Park as well as Historic Bethel Village. Additionally, each of the home sites borders the preserved conservation land with such features as waterfalls, hiking and groomed cross-country ski trails, trout brook and beautiful views. For more information about Great Brook Preserve, visit www.greatbrookpreserve.com

LandSource, LLC is a limited partnership company based in southern New Hampshire that focuses on offering premium quality, private setting lots with close proximity to recreational venues and environmental advocacy. Its sister company, Northern Acres, is the sales and marketing vehicle that similarly specializes in unique higher end recreational properties in New Hampshire and Maine.

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