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Holliston Manufacturer Gets $31.4M from Sale-Leaseback

May 26, 2022 | Reprints | Unlock Link

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Image courtesy of JLL

A sale-leaseback of its 13.5-acre Holliston property will deliver $31.4 million to a precision manufacturing company.

Web Industries leased back the 85,000-square-foot property for 10 years after selling to a partnership of Lincoln Property Co. and San Francisco-based investors Stockbridge, JLL announced.

The 13.5-acre property at 220 Hopping Brook Road was developed by Marlborough-based Web Industries more than two decades ago as a manufacturing facility for clients in the aerospace, medical and home care industries. The property has been updated to include GMP-ready facilities including BSL-2 lab space and dry rooms.

“This was an excellent opportunity for Lincoln to acquire a Class A manufacturing facility, while Web Industries was able to cash in on a hot industrial market to reinvest money back into their core manufacturing business,” JLL Senior Director Michael Restivo said in a statement.

B&T Daily