Updated Nov 9, 2026
LaSalle Investment Management Acquires FedEx Freight Facility In Northborough For $36 Million
300 Bartlett Street
$36,000,000
$660/SF
Building Size
54,504 SF
Asset Type
Industrial
Closing
Nov 6, 2026
About this deal
AI
A 54,504-square-foot industrial asset located at 300 Bartlett Street in Northborough, Massachusetts, was sold for $36 million. The property is identified as a FedEx Freight logistics facility, reflecting its operational use and purpose within the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Address: 300 Bartlett Street, Northborough, MA
- Square Footage: 54,504
- Price Per Square Foot: $661
- Buyer: Brad Gries - LaSalle Investment Management
- Seller: Greg Lauze - Northbridge Partners
- Brokers: Michael Restivo, David Coffman & Tommy Hovey - JLL
The transaction was facilitated through an off-market deal arranged by JLL Capital Markets, highlighting the involvement of key brokers in executing the sale. Brad Gries represents LaSalle Investment Management, while Greg Lauze represents Northbridge Partners in this transaction.
On the Map
$36,000,000
$660/SF
Industrial
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Players
Northborough Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93