Lewiston Sale/Lease-Back Deal is a Win-Win For Both Parties

Kendra Hardesty  /   June 17, 2024

765 Webster Street, Lewiston
Aerial view of 765 Webster Street

Lewiston, Maine, June 6, 2024: Polymer Laboratories and Solutions, LLC sold 765 Webster Street for $6.1 million. The property, comprised of a 93,500± SF industrial building on 8.30± acres, is a mission-critical 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 for a range of applications, including defense, medical, footwear, and impact protection.

Noah Stebbins of The Boulos Company represented the buyer. Lenny Pierce and Campbell Black of JLL represented the seller.

About The Boulos Company:
The Boulos Company is a Maine and New Hampshire commercial real estate firm dedicated to serving owners, investors, and tenants, blending Maine, New Hampshire, and Northern Massachusetts market knowledge with a global network. Founded by Joseph Boulos in 1975, the firm has grown to include more than 45 Portland, Maine, Portsmouth, and Manchester, New Hampshire-based employees. More information is available at boulos.com.