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MassDevelopment loans $1.45M for Pepperell factory redevelopment

The redevelopment of a 190,000-square-foot Pepperell industrial building got another big boost from MassDevelopment, which has supplemented its original $2.25-million loan with another $1.45 million.
The project, Pepperell Place, includes the redevelopment of a formerly vacant industrial building into a business center. Lexvest Chapel, LLC, an affiliate of Shirley-based Lexvest Group, is the recipient of the funds.

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