Goddard Technologies Leases 42060 SF Mixed-Use Space From Howland Development In Wilmington MA
205 Lowell Street
Building Size
42,060 SF
Asset Type
Mixed-use
Closing
Mar 17, 2026
AI
A mixed-use asset located at 205 Lowell Street in Wilmington, MA, was leased recently. The property encompasses a total square footage of 42,060. This transaction occurred within a market characterized by its diverse asset types, including medical facilities and technology hubs.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 205 Lowell Street
- Market: Wilmington, MA
- Square Footage: 42,060
- Landlord: Howland Development
- Tenant: Andrew Goddard - Goddard Technologies
- Brokers: Chris Curley, Michael Allen & Ken Oppenheim - Hunneman
The lease transaction involved Andrew Goddard representing Goddard Technologies, a company specializing in medical device and robotics development. The deal was facilitated by brokers Chris Curley, Michael Allen, and Ken Oppenheim from Hunneman, highlighting their role in connecting the landlord and tenant.
Players
Somerville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93