Jeff Thielman Purchases 585 Middlesex Street Office Building In Lowell For $2.9M

585 Middlesex Street is a historic office building located in Lowell, MA, offering 21,540 square feet of office and flex space. The property was sold for $2,900,000 and features an array of sustainable elements, including solar panels, high-efficiency mechanicals, and pervious pavements. It sits on a 1.16-acre site that provides easy access to route 3, route 495, and city transport services.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,900,000
• Address: 585 Middlesex Street
• Market: Lowell, MA
• Square Footage: 21,540
• Price Per Square Foot: $134
• Buyer: International Institute of New England
• Seller: Catapult & Cannon LLC
• Seller's Representative: James Keefe - Greater Boston Commercial Properties

James Keefe, along with Bret O'Brien of Greater Boston Commercial Properties Inc., facilitated the transaction. The buyer, International Institute of New England, is a 501(c)(3) charitable organization dedicated to assisting refugees and immigrants in their transition to life in New England. The property has been renovated to achieve LEED Gold certification for environmental leadership.