The building sits on a 5.35-acre site and was constructed in 1971. It features 15 docks and one drive-in bay.
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Redgate, a Boston-based real estate investment firm, purchased a 107,452-square-foot warehouse in Ayer for $14.75 million.
The firm purchased the property at 11 Westford Road in a deal finalized on Friday, according to the Middlesex South Registry of Deeds. Redgate bought the site from The Lexvest Group, a real estate firm based in Maynard.
The multi-tenant warehouse contains 95,245 square feet of industrial space and 12,207 square feet of office space. Tenants at the site include Devens-based energy tech firm Commonwealth Fusion Systems, which occupies about 60% of the available space, according to real estate data firm CoStar.
The building sits on a 5.35-acre site and was constructed in 1971. It features 15 docks and one drive-in bay.
Lexvest purchased the property for $7.9 million in May 2022, according to registry records.
Lenny Pierce of JLL in Boston served as the listing broker for the transaction.
The site received a 2026 assessment of $7.4 million, according to Town of Ayer property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
