Lowell, MA – April 6, 2017—The American Textile History Museum (ATHM) today announced that it has signed a purchase and sale agreement for the Museum’s remaining 65,000-square-foot condominium space at 491 Dutton St., Lowell.
The Museum has agreed to sell the mixed-use space to The Textile Group, LLC. The Edge Group, Inc., a Lowell broker, was engaged by the ATHM Board of Trustees for the sale of the ATHM property, which encompasses space on the first through fourth floors. The remaining property at 491 Dutton Street comprises 45 residential condominiums and commercial space owned by Gazebo Realty Trust and Manchester Property Group, LLC, including space occupied by The Sun newspaper.
ATHM, initially located in North Andover, Massachusetts, purchased the Kitson Building at 491 Dutton Street in 1992 and opened to the public in April 1997. Due to an ongoing financial deficit, the ATHM Board of Trustees voted in May of 2016 to permanently close. The Museum is engaged in the process of transferring the Museum’s collections to other museums and charitable organizations.