Marcus & Millichap closed the sale of 44 Mead St., a 62,259-square-foot, eight-tenant industrial property in Leominster, MA, for $4 million. Managing director investments Harrison Klein said the sale “reflects a surge in industrial activity in Worcester County.”
Klein represented the seller, a private investor. The buyer, The Lexvest Group, was represented by Nate Nickerson of Fieldstone Commercial. “We’re excited to see the renovation program that the buyer plans to undertake on this unique property, which sits between Durand Cadillac and Leominster Deck Hockey,” added Klein.
The 4.1-acre property includes approximately 100 parking spaces and features 14- to 16-foot clear heights, eight loading docks and two grade-level doors. Located at Exit 100 off Route 2, it is about a half mile from the North Leominster MBTA station with direct service to Boston’s North Station. The site sits adjacent to a Cadillac/GMC dealership and near Dunkin’ and Speedway, providing strong visibility along a primary commercial corridor, according to Marcus & Millichap.
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