JLL Capital Markets closes $31.4 million sale-leaseback of 85,000 square foot facility at 220 Hopping Brook Rd. :NEREJ

Holliston, MA JLL Capital Markets has completed the $31.4 million sale and leaseback of the 85,000 square foot manufacturing facility located at 220 Hopping Brook Rd.

JLL marketed the property on behalf of the seller, Web Industries, who signed a 10-year sale-leaseback at market rent upon the sale. Lincoln Property Company, in partnership with Stockbridge, acquired the asset through a very competitive bidding process.

220 Hopping Brook Rd. was originally built by Web Industries and has been their largest home in Boston for over 20 years. Web Industries is a 100% employee-owned company and a market-leading provider of full-service outsourced manufacturing and precision conversion to the aerospace, medical, human and homecare industries. . The building served as an essential part of the tenant’s operation, and they invested significant capital in its transition from a traditional manufacturing facility to a GMP-ready asset with BSL-2 laboratory space, dry rooms , a mezzanine and more.

Situated on 13.47 acres, 220 Hopping Brook Rd. is conveniently located in Holliston’s premier industrial park. This location provides easy access to I-495 and I-90 and provides park tenants with a large pool of nearby talent to recruit from.

JLL’s Capital Markets Investment Sales Advisory team was led by Principals Michael Restivo and Martha Nay and Director Lenny Pierce, with support from JLL Brokerage Managing Director Neil Ross.

“It was a great opportunity for Lincoln to acquire a Class A manufacturing facility, while Web Industries was able to take advantage of a booming industrial market to reinvest money into its core manufacturing business,” said declared Restivo.

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