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Developments > Nobis Engineering Company/Nokode Holdings

Nobis Engineering Company/Nokode Holdings



Project at a Glance:
Location:
Lowell
Development Type:
Commercial
Project Type:
Historic rehabilitation/adaptive reuse
MHIC Financing:
$3,514,276 in NMTC financing
Sponsor:
Nobis Engineering
Date Completed:
11/30/2008

When Nobis Engineering Company found its Lawrence office too small to accommodate its anticipated growth in New England, the company sought a new home in the region. The professional services company now operates out of the newly-renovated, historic Davis and Sargent Mill building in the Lowell Historic District.
The rehabilitation and adaptive reuse of the structure was made possible with MHIC’s $3.5 million in New Markets and historic tax credit financing. The rehabilitated building, which had been vacant for two years, provides Nobis with new office space that is certified under LEED. The new space led to the creation of more than 25 new permanent jobs at the new location.