Atlantic Capital Partners sells 226 & 230 Lowell St. in Wilmington, MA for $10 million

Wilmington, MA Atlantic Capital Partners has completed the sale of two office buildings located at 226 and 230 Lowell St. The assets are positioned at the signalized intersection of Lowell St. (Rte. 129) and Woburn St., within Middlesex County and a dense suburban trade area with strong demographic fundamentals. The properties benefit from regional connectivity, with access to I-93 and I-95, providing access to Greater Boston, the Merrimack Valley, and southern New Hampshire.

The transaction was led by Justin Smith, head of capital markets; Chris Peterson, executive vice president; Danielle Turpin, senior associate; and John Dixon, analyst. Atlantic Capital Partners exclusively represented the seller in the transaction.

226 Lowell St. is a 40,899 s/f office/light industrial building that is 100% leased to a variety of local and regional businesses and includes a large parking lot, offering a compelling future redevelopment opportunity. 230 Lowell St. totals 20,989 s/f and is occupied by a mix of medical office, retail, and traditional office tenants, providing diversification across tenant uses.

Both assets benefit from strong average tenant tenure and have received capital improvements in recent years. As a result, this offers future ownership a stable and diversified income stream while minimizing near-term capital expenditure requirements. Peterson said, “We are proud to have facilitated these two seamless transactions for a family with a deep, 50-year legacy at this Wilmington intersection. It was a privilege to help them transition these assets, and we are confident the new ownership will build upon that history as excellent stewards of the properties.”

Strategically located along Lowell St. (Rte. 129), a key commercial corridor linking Boston’s northern suburbs with the Merrimack Valley and southern New Hampshire, the properties are well-positioned for long-term growth and continued demand Justin Smith, head of Capital Markets at Atlantic Capital Partners, said, “The assets generated significant competitive interest from a diverse pool of local and regional investors. The combination of stable, long-term tenancy and a high-profile location with immediate access to Interstate 93 made this a highly sought-after opportunity.”