News: Northern New England
Posted: July 5, 2024
Stebbins of Boulos Co. and Pierce and Black of JLL sell 93,500 s/f industrial building
Lewiston, ME Polymer Laboratories and Solutions, LLC sold 765 Webster St. for $6.1 million. The property, comprised of a 93,500 s/f industrial building on 8.3 acres, is a manufacturing asset and was purchased by Lewiston Holdings 765 Webster, LLC for investment purposes.
Poly Labs plans to lease back the property long-term under an absolute, triple-net lease structure, showing their commitment to the Lewiston-Auburn market. Poly Labs designs and manufactures highly engineered small-pour molded polyurethane components and PU material systems.
Noah Stebbins of The Boulos Company represented the buyer. Lenny Pierce and Campbell Black of JLL represented the seller.
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