10 Technology

In 2018, Long Term Capital (LTC) acquired 10 Technology Drive, a distinguished property located in Lowell, Massachusetts. This acquisition was part of LTC's focused expansion into high-potential commercial real estate. In 2021, LTC successfully sold this property, marking a significant return on their investment.

The property at 10 Technology Drive boasts a robust 57,000 square feet of space, sitting on an expansive 5.52-acre site. It features 158 surface parking spots, catering to high-occupancy needs, and 4 loading docks, facilitating efficient logistical operations. The building is designed with functionality in mind, offering a 2 floor builing with16-foot deck heights that accommodates a range of business activities.

Strategically located within the 800,000-square-foot master-planned Drum Hill Technology Center development, this property sits at the nexus of technological innovation and business development in Lowell. The Drum Hill Technology Center is renowned for its concentration of high-tech firms and businesses, making 10 Technology Drive an ideal location for companies seeking to thrive in a dynamic and innovative environment.

Throughout its ownership, LTC meticulously managed and maintained the property, ensuring it remained a top-tier space for business and technological development. The sale of 10 Technology Drive in 2021 is a testament to LTC's strategic investment approach and their ability to identify and capitalize on high-value real estate opportunities in the dynamic commercial market.