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Lincoln Property JV Buys Manufacturing Facility in Westborough

Jan 4, 2022 | Reprints | Unlock Link

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Image courtesy of Lincoln Property Co.

A Westborough industrial property has been acquired as a German real estate company’s first U.S. industrial investment in a joint venture with Lincoln Property Co.

Cara Real Estate GmbH and Lincoln Property paid $20.6 million for 125 Fisher St., a 198,000-square-foot manufacturing facility. The 25-acre property has potential for expansion and additional development, Lincoln Property Co. announced.

Currently the majority of the building is leased to two tenants, NEO Tech and Columbia Tech.

In a statement, Cara Managing Director Klaus Schupp said the firm plans additional industrial acquisitions in the U.S. Cara Real Estate is the real estate arm of Frankfurt-based Cara Investment.

Lincoln Property Co. currently owns approximately 1 million square feet of industrial space in Greater Boston.

B&T Daily