Business & Tech

Life Insurance Co. Buys Northborough Warehouse for $26.84 Million

Reep-Ind bought the buildings on Lyman Street.

Reep-Ind, which is affiliated with New York Life Real Estate Investors, purchased the buildings in Northborough at 55 Lyman St., reported the Worcester Business Journal.

Reep-Ind is the real estate arm of New York Life, which also bought a building in Franklin.

The Northborough building on Lyman Street is 260,760 square feet, and fully occupied, and was purchased for $26.84 million, said the Business Journal.

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