Broker: Cabot buys Northborough industrial park

Cabot Properties Inc., a private equity real estate investment firm with offices in Boston, has bought the I-290 Industrial Park in Northborough, a broker involved in the transaction said.

The broker is Jones Lang LaSalle, a Chicago-based real estate money management and services firm specializing in real estate; it has a big presence in Greater Boston.

Jones Lang LaSalle identified the seller as an institutional investor.

Jones Lang LaSalle described the property in a press release: "The six-building, single-story industrial park has a mix of manufacturing, distribution, research & development, and warehouse tenants. Originally constructed between 1975 and 1980, I-290 Industrial Park also has an excellent location just off Interstate 290, just a few miles from Interstates 495 and 90."
(By Chris Reidy, Globe staff)