Worcester pharmaceutical firm moving HQ to $1.4M North Oxford space
Photo | Courtesy of Aho Properties
7 Pioneer Drive in Oxford was sold to Lohxa LLC.
Lohxa LLC, a pharmaceutical repackaging company, purchased 7 Pioneer Drive in North Oxford for $1.4 million and will move its Worcester headquarters there, according to a press release from Ashland real estate firm Aho Properties, which brokered the deal.
The 13,720-square-foot industrial building, located on just over two acres of land, was sold by 7 Pioneer Drive LLC. The LLC is registered to the owner of Weston Architectural Products, an aluminum composite fabricator headquartered on Leicester Road in North Oxford. It has owned the Pioneer Drive property since 2010 when it bought it for $700,000.
Lohxa is currently located at 600 Main St. in Worcester. The company repackages prescriptions and other medicines into typically single-dose uses, as a way to reduce medical errors.The company is registered to Kreshnik Loxha and Hans Meireles, who founded the company in 2016, according to the Massachusetts Secretary of the Commonwealth corporation filings.
In 2021, it was assessed by the Town of Oxford at $708,700.
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That's so unfortunate, but hopefully another business will snap it up.
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