CFP Hudson LLC Acquires Retail Property In Lowell, MA For $22M

Located at 10 Technology Drive in Lowell, MA, this retail property was recently sold in a transaction completed on March 17, 2023. The buyer, CFP Hudson LLC, acquired the property from the seller, NNM Realty Trust, for a total sale price of $22,000,000. The property spans an area of 85,000 square feet, resulting in a price per square foot of $259.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $22,000,000
• Address: 10 Technology Drive, Lowell, MA
• Buyer: CFP Hudson LLC
• Seller: NNM Realty Trust
• Square Footage: 85,000
• Price per Square Foot: $259

This sale marks a significant transaction in the retail market of Lowell, MA. CFP Hudson LLC, represented by their broker, successfully acquired the property from NNM Realty Trust, a respected real estate entity in the area. The purchase price of $22,000,000 for the 85,000 square foot property represents a price per square foot of $259. Both the buyer and the seller have demonstrated their confidence in the retail market of Lowell, making this transaction a notable occurrence.