What The Lexvest does

The Lexvest Group, LLC is a privately held real estate development, investment, and advisory company headquartered in Maynard, Massachusetts, founded by Eric D. Shapiro in 1998. The firm focuses on value-add and opportunistic real estate projects across all commercial real estate segments, with particular expertise in mill redevelopment, and operates three principal revenue streams: (1) commercial property leasing across an approximately 750,000 square foot portfolio of business centers in north central Massachusetts and the northwest 495 corridor, including Phoenix Park (300,000 SF), Pepperell Place (190,000 SF), and Mill Pond Square (31,635 SF); (2) hospitality operations spanning hotels, cottages, and vacation rentals on Cape Cod, including Breakwater Hotel, Cape Colony Inn, Prince of Whales Cottages, and Truro Beach Cottages; and (3) residential development, including the 2025 completion of Hager Homestead — New England's first senior cohousing community in Littleton, MA.

The company provides integrated in-house services — construction, facilities management, and property management — directly to its commercial tenants, with an 11-person leadership team overseeing all functions. Tenant mix spans SMBs, mid-market firms (1A Auto, Gradient Design & Engineering, Burkart Flutes), and a few enterprise anchors (Stryker, Masy BioServices at 60,000 SF), with biotech, light manufacturing, and food production as primary use cases. The firm pursues partnerships selectively — MassDevelopment for financing, Nauset Construction for co-development, and Coastal Hospitality Group for hospitality operations — and emphasizes community-building initiatives such as Chamber of Commerce-funded tenant onboarding and tenant spotlight content marketing.

Name

The Lexvest

Legal name

The Lexvest Group, LLC

Website

https://lexvest.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

The Lexvest Group is a privately held real estate development, investment, and advisory firm headquartered in Maynard, MA, operating a 750,000 SF commercial portfolio across the northwest 495 corridor and a Cape Cod hospitality portfolio of hotels, cottages, and vacation rentals.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Investment

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)

akta.pro secondary industry

Urban & City Homes (THAMAAAH)

Keywords

• Commercial real estate leasing
• Hospitality property management
• Mill redevelopment projects
• Value-add real estate investment
• Multi-family residential development

Headquarters

HQ city

Maynard

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Lease of commercial space including office, industrial, and manufacturing to businesses. Revenue derived from monthly rent payments across commercial portfolio of approximately 750,000 square feet.
2. Hospitality Operations: Operation of hotels, motels, cottages, and vacation rentals in Cape Cod, Massachusetts including Breakwater Hotel, Cape Colony Inn, Prince of Whales Cottages, Truro Beach Cottages, and vacation rentals. Revenue from nightly and weekly accommodation bookings.
3. Residential Property Sales: Development and sale of residential condominiums and cohousing units including Hager Homestead senior cohousing community (26 units) and various mixed-use residential conversions.
4. Property Management Services: In-house construction, facilities management, and property management services provided to tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

The Lexvest Group owns, develops, and operates a diversified portfolio of commercial, hospitality, and residential real estate. Its commercial portfolio of approximately 750,000 square feet spans office, industrial, manufacturing, and warehouse properties across north central Massachusetts and the northwest 495 corridor, leased to over 100 businesses. The company also directly operates a hospitality portfolio in Cape Cod (hotels, cottages, and vacation rentals) and develops multi-family residential projects including senior cohousing communities.

Product overview

The Lexvest Group operates a diversified real estate portfolio comprising commercial business centers and hospitality properties. The commercial portfolio includes business centers such as Phoenix Park (300,000 SF), Pepperell Place (190,000 SF), 141 Parker (30,000 SF), and Mill Pond Square (31,635 SF), offering office and light industrial leasing. The hospitality portfolio features vacation rentals and hotels in Cape Cod including Breakwater Hotel, Cape Colony Inn, Prince of Whales Cottages, and Truro Beach Cottages. The company also provides in-house construction, facilities management, and property management services to its tenants.

Differentiator

Problem solved

Functional benefit

Brands

• Breakwater Hotel: A waterfront hotel on Cape Cod Bay in Provincetown's East End, fully renovated in 2019.
• Cape Colony Inn
• Truro Beach Cottages
• Prince of Whales Cottages
• Phoenix Park
• Pepperell Place
• 141 Parker
• The Mill at Mead
• Mountain Lake Cottages

Products and services

• Phoenix Park A 300,000 square foot business center on a 56-acre campus in Shirley, MA offering commercial lease options from office space to light industrial manufacturing and warehousing, home to over 100 businesses.
• Pepperell Place A 190,000 square foot multi-tenanted business center in Pepperell, MA offering commercial lease options from office space to light industrial manufacturing.
• 141 Parker A 30,000 square foot first-class office building in Maynard, MA, formerly the corporate headquarters of Digital Credit Union, offering all-inclusive office leases.
• Mill Pond Square A 31,635 square foot business center in Maynard, MA, a renovated trolley house offering office space with historic brick and beam construction.
• 1 Sculley Road A 63,000 square foot multi-tenant business park in Ayer, MA offering commercial lease options from office space to light industrial manufacturing and warehousing.
• The Mill at Mead A 63,000 square foot multi-tenant business center in Leominster, MA offering various commercial lease options.
• 320 Industrial Road A 46,000 square foot single-tenant building in Leominster, MA, home to New England Apple Products Company.
• 554 Willard Street A 20,000 square foot single-tenant building in Leominster, MA, home to Bisousweet Confections bakery.
• Breakwater Hotel A waterfront hotel on Cape Cod Bay in Provincetown's East End, featuring Cape Chic rooms with private outdoor sitting areas, fully renovated in 2019.
• Cape Colony Inn A hotel in Provincetown, MA located two blocks from public beaches, offering family-friendly rooms with heated pool and free breakfast.
• Prince of Whales Cottages Completely renovated cottage accommodations in North Truro, MA on the Outer Cape, offering one-bed studios and two-bedroom units.
• Truro Beach Cottages Eleven iconic beachfront Cape Cod cottages in Truro, MA, fully renovated in 2020 with fully appointed kitchens.

Quantifiable outcome

• Over 100 thriving businesses in commercial portfolio
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Coastal Hospitality GroupcoreStrategic or Co-development Partner · 10 December 2025Coastal Hospitality Group operates the Governor Bradford restaurant and bar in Provincetown under a 15-year lease from Lexvest. They manage the property with upgraded amenities while maintaining the local character. Coastal operates four Cape Cod restaurants including Chapin's Bayside in Dennis, Chatham Cut, Codo Mexican Kitchen, and Pate's in Chatham.
• Nauset ConstructioncoreStrategic or Co-development Partner · 18 July 2025Nauset Construction co-developed Hager Homestead senior cohousing community with Lexvest and the residents of the community. This was New England's first senior cohousing development, featuring 26 units across five buildings on 15 acres. Nauset handled the construction including historic preservation elements and new construction blending 18th-century architecture with 21st-century methods.
• Nashoba Valley Chamber of CommerceminorGTM or Marketing Partner · 15 March 2025Lexvest covers Nashoba Valley Chamber of Commerce membership costs for each new Phoenix Park tenant to support small business networking and community building. Chamber President Melissa Fetterhoff is a 10-year Phoenix Park tenant and actively promotes the collaborative business community.
• Outer Cape Tours & Concierge ServicesminorGTM or Marketing Partner · 1 May 2021Ann Wood's Outer Cape Tours provides free eco-tours to guests of Breakwater Hotel, Cape Colony Inn, and Truro Beach Cottages. Tours include 'Railway to a Unique Ecosystem,' 'Pirates & Witches,' 'Walk the Dunes,' 'Bay Creatures Great & Small,' and 'Wild West of the East' adult history tour. This enhances hospitality guest experience at Lexvest properties.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Marcus Partners: Boston-based commercial real estate investment and development firm with a regional focus on value-add office, industrial, and mixed-use assets across the Northeast. Closely comparable to Lexvest in scale, geography, and value-add repositioning strategy.
• National Development: Newton, MA-based mixed-use real estate developer with a portfolio spanning office, residential, and retail in Greater Boston and the 128/495 corridors. Similar regional focus and adaptive-reuse capabilities to Lexvest.
• The Davis Companies: Boston-based real estate investment, development, and property management firm operating across the Northeast with diversified commercial, multifamily, and mixed-use holdings. Comparable vertically integrated operating model.
• Bulfinch Companies: Boston-based real estate investment and development firm focused on office, medical office, and mixed-use assets across Greater Boston and the Northeast. Comparable regional investment/operating profile to Lexvest.
• Nordblom Company: Burlington, MA-based real estate investment and development company with multifamily, office, and retail assets across New England. Similar regional scope, mixed-use orientation, and mill/adaptive-reuse heritage as Lexvest.
• WinnDevelopment: Boston-based division of WinnCompanies specializing in adaptive reuse and historic rehabilitation of mill, industrial, and commercial properties into mixed-income housing. Strong overlap with Lexvest's mill redevelopment playbook.
• The Grossman Companies: Newton, MA-based private real estate investment and development firm with commercial, residential, and mixed-use assets across Greater Boston and the Northeast. Comparable privately held, founder-influenced operating profile.

Broad incumbents

• Boston Properties (BXP): Large publicly traded office REIT headquartered in Boston with a Class A office portfolio concentrated in Greater Boston and other gateway markets. Overlaps with Lexvest's MA office concentration but at materially larger scale and Class A positioning.
• Pebblebrook Hotel Trust: Publicly traded hospitality REIT focused on independent and lifestyle urban/resort hotels. Comparable boutique, independent-hotel orientation to Lexvest's Cape Cod portfolio but at institutional scale.
• Host Hotels & Resorts: Largest publicly traded lodging REIT, owning luxury and upper-upscale resort and convention hotels. Provides a public-market reference point for valuing upper-tier independent/resort hospitality real estate similar to Lexvest's Provincetown waterfront assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LexvestGroup
• LinkedInlinkedin.com/company/the-lexvest-group-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Lexvest