Phoenix Park

What Phoenix Park does

Phoenix Park is a privately held commercial real estate business park operating a 300,000 SF restored historic mill complex on a 56-acre campus at 2 Shaker Road in Shirley, Massachusetts. The asset, owned and managed by The Lexvest Group, LLC since December 1998, was originally built in 1849–1850 as a Shirley Shaker cotton mill, later operated as Phoenix Cotton Manufacturing Company and Samson Cordage Works, and rehabilitated into a modern multi-tenant business center hosting more than 60 companies spanning traditional and new-economy sectors.

The property's core product offering comprises flexible commercial leases for office space and light industrial / manufacturing space, with suites available from 200 SF upward across ground, first, and second floor plates. Value-add services — space design, build-out construction, and ongoing facility maintenance — are delivered by the on-site Lexvest property management team and bundled into tenancy. The facility is differentiated by retained 19th-century mill architecture, a state-of-the-art solar energy system, and a curated amenities layer including a complimentary fitness room with Peloton equipment, a bookable shared conference room (Samson Conference Room), no-cost parking, and a recurring Food Truck Wednesdays program.

Phoenix Park generates revenue through recurring subscription-style monthly commercial leases across its diversified small-to-mid-size tenant base, with no publicly disclosed pricing (rates are quote-based and vary by suite size, location within the campus, and lease term). Distribution is direct via the property management team, supplemented by LoopNet listings and an email newsletter funnel; the operating footprint is regional (New England) with no evidence of multi-site expansion.

Name

Phoenix Park

Legal name

Phoenix Park

Website

https://phoenixparkonline.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Phoenix Park is a privately held commercial real estate business park in Shirley, Massachusetts, leasing flexible office and light industrial space (starting at 200 SF) within a restored 300,000 SF historic mill complex to more than 60 small and mid-size tenants, managed by parent The Lexvest Group, LLC.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

SIC

Services-Facilities Support Management Services (8744), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

akta.pro secondary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

Keywords

• Commercial real estate leasing
• Office space rentals
• Light industrial space
• Historic mill redevelopment
• Business park property management

Headquarters

HQ city

Maynard

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Phoenix Park generates revenue through commercial leasing of office space and light industrial manufacturing space. Rental options range from 200 SF to larger spaces. The property management company (Lexvest Group) provides space design, construction, and ongoing facility management services as part of the value proposition to tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Phoenix Park is a restored 1849–1850 historic mill complex converted into a modern commercial business park on a 56-acre campus in Shirley, Massachusetts. The 300,000 SF property leases flexible commercial office space and light industrial manufacturing space to businesses, with suites starting at 200 SF. On-site professional property management by The Lexvest Group handles facility maintenance, space design, and construction, and tenants receive bundled amenities including a shared conference room, a fitness room, and community programming such as Food Truck Wednesdays.

Product overview

Phoenix Park is a commercial real estate business park offering a unified portfolio of commercial leasing solutions. The core offering consists of flexible commercial office space and light industrial manufacturing space within a restored 300,000 SF historic mill complex on a 56-acre campus in Shirley, Massachusetts. The property supports tenants from 200 SF upwards, hosting over 60 companies. Property management and maintenance services are bundled with tenancy. Shared amenities include complimentary conference room access, a fitness center with Peloton bikes and cardio equipment, and weekly Food Truck Wednesdays.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Office Space Traditional office space rentals for businesses within the 300,000 SF restored mill complex, with flexible lease options starting at 200 SF and larger footprints available. Tenants receive on-site professional property management, maintenance, space design, and construction support.
• Light Industrial Manufacturing Space Manufacturing and light industrial space for businesses requiring production or manufacturing facilities within the restored mill complex. Suite sizes are flexible and supported by on-site property management and maintenance.
• Conference Room Access Complimentary shared conference room offered to tenants, bookable via the Samson Conference Room Schedule Booking Page, supporting tenant meetings and gatherings at no additional cost.
• Fitness Room Shared on-site fitness room equipped with a Peloton bike, cardio equipment, and free weights, available to tenants at no additional cost as part of the bundled amenity package.
• Food Truck Wednesdays Weekly community food truck event held Wednesdays 11am-1pm in the Phoenix Park parking lot from May through October, featuring local vendors and serving as a tenant community-building amenity.

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• The Lexvest Group, LLCcoreOthersThe Lexvest Group, LLC is the privately held real estate development, investment, and advisory company that owns and manages Phoenix Park. Headquartered in Maynard, MA, they focus on value-add and opportunistic real estate projects in all commercial real estate segments, with extensive experience in mill redevelopment, industrial, office, hospitality, and multi-family residential product types. Key contacts include Eric Shapiro, Terry Atwood, Jerry Wheeler, Bob, and Andrea Willette.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• The Beal Companies: Boston-based commercial real estate firm with a substantial Massachusetts portfolio of office and industrial properties leased directly to tenants. Comparable to Phoenix Park in regional market focus and mixed office/industrial product.
• St. John Properties: National commercial real estate firm developing and operating office and flex/R&D business parks with direct leasing to tenants. Comparable to Phoenix Park in product mix (office + light industrial) and direct-to-tenant leasing model.
• Cummings Properties: One of the largest commercial real estate owners in Massachusetts, operating Cummings Center and multiple office and flex/industrial parks with on-site property management. Highly comparable to Phoenix Park as a direct leasing and management business serving SMB tenants with flexible space.
• Marcus Partners: Boston-based real estate investment and operating company focused on industrial, office, and life science assets across New England. Directly comparable as a regional operator of office/industrial product with active asset management.
• National Development: New England real estate developer with mixed-use, office, and industrial projects across Massachusetts. Comparable as a regional developer/operator serving office and light industrial tenants.
• Hobbs Brook Real Estate: Operates Class A office and industrial parks across suburban Massachusetts with direct tenant relationships and on-site property management. Comparable in product type, market geography, and leasing model to Phoenix Park.

Broad incumbents

• Lincoln Property Company: National commercial realestate services firm with office and industrial management across the U.S. including the Northeast. Comparable in operating model (third-party and direct leasing/management) but at far greater scale than Phoenix Park.
• The RMR Group: Commercial real estate management and advisory firm operating office, industrial, and other property types across the U.S. Comparable in the facilities/asset management function Phoenix Park performs internally via Lexvest.
• Boston Properties (BXP): Largest publicly traded office REIT in the U.S. with a major Boston-area portfolio. Overlaps with Phoenix Park in office leasing and Massachusetts operations, but at significantly larger scale and Class A focus rather than historic flex/industrial.

Others

• Alexandria Real Estate Equities: REIT focused on laboratory and life science office/industrial product in innovation clusters including Greater Boston. Tangentially comparable as a specialty industrial/office owner in the same regional market, though oriented toward life science rather than historic SMB flex space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TLG.PhoenixPark

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Phoenix Park