Greater Boston Commercial Properties close $2.9m sale of office/flex building

Lowell, MA James Keefe and Bret O’Brien of Greater Boston Commercial Properties Inc. (GBCP) completed the sale of 585 Middlesex St., a historic 21,540 s/f office building located adjacent to The Boys & Girls Club. 

The property, originally constructed as the Davis and Sargent mill in 1890, has been renovated to include an array of sustainable elements such as solar panels, high-efficiency mechanicals, pervious pavements, and the use of non-VOC materials, earning it LEED Gold certification for environmental leadership. 585 Middlesex St. features three floors of office and flex space, offering a modern meets historical build-out near downtown amenities. The 1.16-acre site provides easy access to Rte. 3, I-495, and city services. 

The sale closed at $2.9 million between the seller, Catapult & Cannon LLC, and the buyer, International Institute of New England, a 501(c)(3) charitable organization that seeks to support thousands of refugees and immigrants as they seek new lives in New England. The team at GBCP continues to build on its reputation for handling complex transactions and delivering results for its clients.