Barings Provides $72.6 Million Financing for 140 Kendrick Street in Suburban Boston

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world's leading alternative investment managers, announced today that it has provided a $72.6 million loan to a joint venture between Cross Ocean Partners and Lincoln Property Company to support the acquisition of 140 Kendrick Street, a Class A office campus in Needham, Massachusetts.

"We are pleased to support Cross Ocean Partners and Lincoln Property Company in financing 140 Kendrick Street," said Jonathan Neff, Managing Director at Barings. "The property's experienced sponsorship, strong fundamentals, and leasing momentum make it a compelling investment opportunity to deploy capital on behalf of our investors."

“We are proud to partner with Barings on the financing of 140 Kendrick Street," said Scott Faber, Senior Vice President at Lincoln Property Company. "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.”

140 Kendrick Street is a three-building, interconnected office campus totaling 409,197 square feet across 14.3 acres and located approximately 15 miles southwest of Downtown Boston. With direct access to Route 128 / Interstate 95 and adjacent to the 600-acre Cutler Park Reservation, the property combines strong accessibility with a highly amenitized workplace environment, featuring a fitness center, full-service café, coffee bar, conference center and outdoor gathering spaces.

About Barings

Barings is a $502 billion* global alternative asset manager that partners with institutional, insurance and wealth clients and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual with a minority investment from MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of June 30, 2026

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, sports and entertainment, and mixed-use properties, throughout the United States, the United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.