The Penobscot Bay YMCA announces that it has purchased the property at 120 Union St. in Rockport, known as the Lily Pond House.

The building and land, adjacent to the Y, were previously owned by Steven Huyler.

“When this opportunity presented itself,” said YMCA Executive Director Troy Curtis in a news release “the Y Board of Directors could see several compelling reasons for the Y to acquire the property.”

The Y will utilize parts of the building for its own programming, the additional parking will ease crowding during the winter months and when special events are held and the association will gain much needed green space for youth programs.

Curtis continued, “The price was attractive, we took advantage of a low financing rate, and rental income on the property will support the purchase. Long-term, this secures the Y’s ability to expand and grow on our Union Street Campus.”