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NORTHBOROUGH, MA-Invesco Real Estate has put down $15.7 million to take title to a 260,561-sf high-bay distribution facility in Northborough in a buy that gives the global giant a 50% leased property. The Dallas-based investment group picked up the 55 Lyman St. property from Northborough Land Realty Trust, an affiliated entity of the Gutierrez Co. Northborough Land Realty Trust has owned the distribution facility since 2003 when it took out a $10 million construction loan to build the property, public records show.

The building is home to McKesson Medical-Surgical, Inc., a division of San Francisco-based McKesson Corp., which leases about half of the building for its New England distribution operation. Invesco will lease out the remaining 132,000 sf. Several prospective tenants have already indicated interest in the building, says John Lasher, a partner with Richards Barry Joyce & Partners, which represented the tenant and procured the buyer in the transaction.

Invesco manages approximately $19.6 billion in direct real estate assets and publicly-traded real estate securities. It also owns a 227,000 sf industrial property in Franklin, MA as well as assets in Florida, Washington, Georgia, Colorado and New Jersey.

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