A Camden company, the bank that holds the mortgage on the former Knox Mill and associated buildings, and the firm that has been managing the properties have dismissed the legal actions against each other.

Penobscot Bay Media LLC filed a notice of dismissal March 16 in Knox County Superior Court in the lawsuit it filed March 10 against Gray & Associates of Baltimore, Md., as well as PNC Bank, National Associates of Pittsburgh, Pa., as defendants.

In addition, Gray & Associates has dropped its request to evict Penobscot Bay Media.

Gray & Associates filed a report with U.S. District Court on March 15 in which it noted that the two sides have agreed not to refile any court action for 60 days to allow them to try to resolve their differences.

Penobscot Bay Media signed a lease in May 2007 for about 6,000 square feet at 51 Mechanic St. The company employs 45 people in data management and data storage and GIS custom software development.

Maine Investment Properties owned the property at that time but defaulted on its mortgage with PNC Bank. A federal court placed the property in receivership in April 2009 and appointed Gray & Associates as property manager.

On March 9 in U.S. District Court, Judge D. Brock Hornby approved a listing agreement for the former Knox Mill properties. Gray & Associates also noted in filings with the federal court that PNC is seeking an abatement of the properties in receivership.

Penobscot Bay Media noted in its lawsuit that the building continued to be in need of significant repairs. The problems listed in the lawsuit included that the majority of the exterior doors were broken and some doors were locked by chains and padlocks, the ventilation system (including air conditioning) did not work, and the roof leaked so extensively that mold grew in the ceiling, walls, carpets and floors.

After repeated requests by Penobscot Bay Media to make repairs, Gray initiated the eviction process against Penobscot Bay Media, the lawsuit stated. Penobscot Bay Media stated in its lawsuit that this was in direct and obvious retaliation for its requests for repairs.