Leominster industrial site sold for $4M to Maynard real estate firm

February 23, 2026 - 20:05

A prominent industrial facility in Leominster has changed hands in a major commercial real estate transaction. The property, located at 44 Industrial Avenue, has been purchased for four million dollars by The LexVest Group, a real estate investment firm based in Maynard.

The acquired asset is a substantial 62,259-square-foot industrial building situated on a 3.5-acre lot. The single-story structure is fully leased to a national tenant, providing immediate stabilized income for the new owners. The building features clear heights of up to 24 feet, multiple loading docks, and significant office space, making it a versatile asset for industrial and distribution use.

This acquisition underscores the continued strong investor demand for well-located, income-producing industrial properties in Central Massachusetts. The region's strategic position within the state's logistics network makes such assets highly desirable. The sale represents a significant investment into the local industrial market and highlights the area's ongoing appeal to institutional and private real estate firms seeking stable, long-term holdings in the sector.