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Atlantic Capital Closes Sale of Wilmington Office Duo

Atlantic Capital Partners arranged the sale of two office buildings located at 226 and 230 Lowell St. in Wilmington, MA. Buyer and seller were not disclosed. The transaction was led by Head of capital markets Justin Smith, EVP Chris Peterson, senior associate Danielle Turpin and analyst John Dixon represented the seller.

226 Lowell St. is a 40,899-square-foot office/light industrial building that is 100% leased to a variety of local and regional businesses. 230 Lowell St. totals 20,989 square feet and is occupied by a complementary mix of medical office, retail, and traditional office tenants. Both assets benefit from strong average tenant tenure and have received significant capital improvements in recent years.

The assets are positioned at the signalized intersection of Lowell Street (Route 129) and Woburn Street, within affluent Middlesex County and a dense suburban trade area with strong demographic fundamentals.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition