Two dentists buy Leominster shopping plaza for $5.8M
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463-477 Lancaster St. in Leominster
Two Central Massachusetts dentists have purchased four buildings at the Leominster Commerce Center, located at 463-477 Lancaster St. for $5.8 million in a sale closed May 12, according to NAI Glickman Kovago & Jacobs, which brokered the deal.
The buildings total 111,588 square feet and sit on 11.66 acres.
The buildings were sold by 463-477 Lancaster St., LLC, which is registered to Richard Gass, a real estate and corporate attorney in Boston, according to filings with the Massachusetts Secretary of the Commonwealth. They were purchased by Leominster Warehouses Investment, LLC, which is managed by Edmond Massabni, who is a dentist in Milford, and Houssam Alkhoury, who is an orthodontist in Worcester.
The property was last valued by the City of Leominster at $3.9 million in 2020.
All four buildings are fully leased with long-term tenants, according to NAI Glickman Kovago & Jacobs, the Worcester real estate brokerage.
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