By Amy Wyeth
Banker & Tradesman Reporter

Boston real estate broker and management firm Jones Lang LaSalle’s capital markets team has helped sell the I-290 Industrial Park in Northborough for $39 million, the firm said.

Cabot Properties of Boston purchased the 576,930-square-foot, six-building property, along with an additional land parcel with potential for a further 45,000 square feet of development. The office park is 90 percent leased to 11 tenants including Shaw’s Supermarkets, Penzoil and Netflix.

The property’s previous owner was listed as TMT 290 Industrial Park Inc., according to data from The Warren Group, Banker & Tradesman’s parent company. The company bought the property in 2001 for $31 million.

“I think it’s noteworthy because it’s a sale,” said Scott Jamieson, a Jones Lang LaSalle managing director and leader of the team that closed the deal. “There have been very few significant sales” in recent months, he said, due to a variety of reasons including illiquidity in debt markets and “economic concerns” nationally and locally, he said.

Jamieson, Managing Directors Catherine Daume and Mike Smith, Senior Vice President Gail McDonough and Assistant Vice President Rick Schuhwerk, a Boston market industrial leasing expert, collaborated on marketing the property, which was on the market for just over a month.

“One of our premises before launching [the property] was the fact that there are no similar properties,” Jamieson said, adding that the seller had its choice of buyers.

The park was originally constructed between 1975 and 1980, and is located a few miles from Interstates 495 and 90.