Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

December 12, 2022

Boston firm buys Kraft-owned Lancaster warehouse for $48M

Photo | Google Maps 580 Fort Pond Road, Lancaster

Boston real estate investment firm The Seyon Group purchased a 275,620 square-foot warehouse in Lancaster for $48 million from Foxborough-based The Kraft Group, owner of packaging company Rand-Whitney, and the New England Patriots.

UN1F1ED² Global Packaging Group, will continue operating as a tenant at the site, according to a Dec. 1 press release by Seyon.

“580 Fort Pond represents Seyon’s latest acquisition of a Class A warehouse in greater Boston and allows us to meaningfully expand the existing footprint of the current building. We are thrilled to add UN1F1ED² Global Packaging Group to our growing roster of best-in-class tenants and we look forward to expanding our relationship with the Rand-Whitney team,” said Andrew Iglowski, managing partner at Seyon in the press release. 

UN1F1ED² is a partnership between Worcester’s Rand-Whitney and Sutton’s AGlobal Solutions. Boylston contractor RP Masiello Inc. is currently building a 1-million square-foot facility for the company in Sutton.

In 2022,The Kraft Group acquired industrial properties in Northbridge, and Webster, and began construction on a 373,500 square foot manufacturing facility in Boylston.

The Lancaster property was sold in 2014 by the Horn Packaging Corp. for $7.25 million. In 2010, it was sold by the Rockport Company, then a subsidiary of Adidas through its acquisition of Reebok, for $7.35 million.

The property is assessed at almost $10 million by the Town of Lancaster.

Sign up for Enews

WBJ Web Partners


Order a PDF