Historic LEED Gold Office Building Sells for $3.1 Million in Downtown Lowell

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LOWELL, MA–Mansard announced the sale of 585 Middlesex Street in Lowell, Massachusetts from Nokode, LLC to Catapult & Cannon, LLC.

The property sold for $3,100,000. The sale demonstrates the value that LEED Gold properties possess in today’s market as well as confidence in Lowell’s ongoing revitalization around its new courthouse. The building is leased by the NOBIS Group, an integrated consulting firm that provides engineering and environmental solutions for public and private projects of all sizes.

585 Middlesex Street is an 18,733 SF, 100% net-leased, LEED Gold office building located in the center of Lowell, Massachusetts. Originally the Davis and Sargent historic mill constructed from bedrock quarried from the abutting canal, the property was subsequently renovated as a LEED Gold recipient the property incorporates sustainable elements including solar panels, high- efficiency heating, plumbing, and electrical systems, pervious pavement, and the use of non- VOC emissions construction materials.

Jeremy Cyrier, CCIM, President and Commercial Real Estate Advisor at MANSARD shared, “After a continuous marketing process that generated 6 offers, we’re excited to see this wonderful asset awarded to Catapult & Cannon, LLC.” Located in Middlesex County, Lowell is a city in Massachusetts with a population of over 110,000. It is situated on the Merrimack River and is about 30 miles northwest of Boston. Lowell was founded in the early 19th century and quickly became known as a leading textile manufacturing center. The city’s success attracted thousands of workers from around the world, and Lowell became one of the first cities to embrace a truly diverse population. Today, Lowell is home to a vibrant mix of cultures, and its rich history can be seen in its architecture, arts scene, and local businesses. From its days as a textile powerhouse to its current role as a thriving cultural hub, Lowell has long been an important part of Massachusetts’ story.

According to the seller, Pete Delano, “Jeremy Cyrier and the MANSARD Team are professional, responsive, and they know the Massachusetts and New England commercial marketplace extremely well. They developed a great approach to market our property, they brought forward many buyers, multiple offers, and because of Mansard our commercial property was successfully sold.”

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