Devens, MA – MassDevelopment has issued a $4,140,000 tax-exempt bond on behalf of Lake George Realty LLC, an affiliate of Accumet Engineering, Inc., which will use bond proceeds to buy a 3.1-acre parcel at 41 Lake George St. in Devens to build a 39,375sf manufacturing facility.
Accumet Engineering will consolidate its existing operations in Hudson and Westford into the new facility where it will have room to expand its operations. The company expects to begin construction on the new facility this month, to be complete by August 2022, and create an additional eight new jobs in the next three years. Middlesex Savings Bank purchased the bond.
Located in North Central Mass., Devens is a 4,400-acre mixed-use community and an award-winning model for military base reuse. MassDevelopment has worked to transform this site into a sustainable mixed-use community, providing municipal services, education, environmental protection, and infrastructure improvements to support continued redevelopment and job creation.
Accumet Engineering, Inc., currently based in Westford and Hudson, is a processing manufacturer for new and legacy materials fabrication, precision laser services, lapping and polishing, and critical component assembly.