CORINTH, N.Y. (AP) – International Paper sold nearly all of its Corinth property to a New York City-based investment firm Friday.

The sale of the 107-year-old site to Philmet Capital, a unit of Philips International, left out the company’s original headquarters. Local historians are hoping International Paper, based in Stamford, Conn., will donate the turn-of-the-century building for use as a museum.

International Paper spokeswoman Amy Sawyer would not disclose the sale price. The mill itself is assessed at $8.7 million.

International Paper closed its local facilities in 2002 after 104 years of operation, putting nearly 300 people out of work.