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JONES LANG LASALLE COMPLETES $39 MILLION INDUSTRIAL SALE

NORTHBOROUGH, MASS. — Jones Lang LaSalle has completed the sale of I-290 Industrial Park, located in Northborough, for $39 million. The six-building industrial park totals 576,930 square feet; also included in the sale is a development parcel with the potential for 45,000 square feet of new development. The park is tenanted by a mixture of manufacturing, distribution, research and development, and warehouse tenants. Catherine Daume, Scott Jamieson, Mike Smith, Gail McDonough and Rick Schuhwerk of Jones Lang LaSalle represented the seller, an institutional investor. The property was acquired by Cabot Properties.

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