70 Industrial Lowell, MA

The Abrams Group Purchased this 44,000 SF R&D building from the FDIC in an off-market transaction in 1999 for a price substantially below replacement cost. Through an aggressive leasing campaign, we were able to lease and subsequently sell the building to a single tenant user for substantial profit in under 30 months.

PROPERTY AT A GLANCE

70 Industrial Ave | Lowell MA
Commercial fit out of new offices, modernization of warehouse space, new loading and site improvements.
Development – 30 years

Project Type: Office R&D
Square Footage: 44,000
Date Acquired: 1999
Total Project Cost: $1M