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5 Middlesex Avenue, Sommerville, MA

RSF
162,804

 

Property Type
Office

 

Occupancy
100%

 

Major Tenants
Lincoln Technical Institute, World Gym, Nizhoni Health Systems, and Cambridge Public Health

 

January 2018 – Novaya, in joint venture with Cresset Development, acquired control of a 9.4-acre development parcel in the renowned Assembly Square area of Somerville, MA. In addition to an existing 162,804 square foot, fully occupied office building, the development is expected to encompass 300-500 units of multi-family housing, 500,000 square feet of office/lab space and potentially a 140-room hotel. Pending entitlement, the development will break ground in four phases starting in 2019.

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