Leominster Mill To Become Apartments
A former mill in Leominster has been purchased by a holding company that plans to redevelop part of the property into affordable housing units and commercial office suites, according to Apex Investment Properties, a Leominster-based commercial real estate group that brokered the deal.
Sterling Hill Holdings LLC purchased the property at 45 Summer St. from Community Healthlink for $300,000. Community Healthlink will continue to rent out about half of the property from Sterling Hill. Apex represented the seller and procured the buyer in the deal. Sterling Hill Holdings is a limited liability corporation that registered with the state in April 2010. Its resident agent is listed as Benjamin Hill of Leominster.
In addition to that sale, Apex also represented Laddawn Inc., a plastics manufacturer, which purchased the former Devens Davis Library on 155 Jackson Rd. in Devens for $550,000.
Laddawn, which makes plastic medical bags, will use the 10,000-square-foot building as its corporate headquarters.
Apex also announced that SouthWin Ltd., a North Carolina-based car-care products maker, has renewed and expanded its 85,000-square-foot lease in an industrial building at 272 Nashua St. in Leominster. The remaining 40,000 square feet of space remains vacant.
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