In early 2026, Jeffrey D. Markley, CEO of the Markley Group, purchased the industrial property at 90 Bolt Street alongside adjacent industrial plots for a combined $5.6 million. Located within Lowell's Light Industrial (LI) zoning district, the 139,583-square-foot (12,967 sqm) site was acquired via Meadowbolt LLC.
Markley secured preliminary municipal approval to subdivide the land into two parcels, spanning 69,922 square feet (6,495 sqm) and 40,449 square feet (3,757 sqm), and demolish the existing industrial structure. The acquisition targets a strategic location directly adjacent to railway and power infrastructure, intending to utilize the cleared land for secondary infrastructure supporting Markley's nearby flagship AI data center campus. However, further development is legally frozen due to a unanimous 10-0 data center moratorium enacted by the Lowell City Council and a parallel environmental justice lawsuit filed by local neighborhood coalitions on April 30, 2026.