Barings has provided a $72.6 million loan to a joint venture between Cross Ocean Partners and Lincoln Property Company to finance the acquisition of 140 Kendrick Street in Needham, Massachusetts.
The property is a Class A office campus comprising three interconnected buildings totaling 409,197 square feet across 14.3 acres.
Located approximately 15 miles southwest of downtown Boston, the campus provides direct access to Route 128 and Interstate 95 and sits next to the 600-acre Cutler Park Reservation.
Amenities include a fitness center, full-service café, coffee bar, conference center and outdoor gathering areas.
Barings cited the property’s sponsorship, underlying fundamentals and recent leasing momentum as factors supporting the financing.
Lincoln Property Company manages and leases more than 720 million square feet of commercial real estate on behalf of institutional clients across the U.S., U.K. and Europe.
Barings manages approximately $502 billion globally across credit, real assets, capital solutions and emerging markets as of June 30, 2026.
KEY QUOTES:
“The property’s experienced sponsorship, strong fundamentals, and leasing momentum make it a compelling investment opportunity to deploy capital on behalf of our investors.”
Jonathan Neff, Managing Director At Barings
“Their confidence in the campus underscores the superior quality of the asset, the recent leasing successes, and our shared commitment to investing in best-in-class mixed-use office campuses.”
Scott Faber, Senior Vice President At Lincoln Property Company
