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NOVAYA & LEGACY REAL ESTATE VENTURES COMPLETE THE SALE OF 55 TECHNOLOGY DRIVE

NOVAYA & LEGACY REAL ESTATE VENTURES COMPLETE THE SALE OF 55 TECHNOLOGY DRIVE 482 313 Novaya Ventures

A joint venture between Novaya Real Estate Ventures, LLC and Hawk Properties has completed the sale of 55 Technology Drive in Lowell, Massachusetts to Legacy Real Estate Ventures.  The property consists of an 89,004 square foot, two story office and flex building.   The property is 100% leased to Lowell General Hospital, Borrego Solar, the Commonwealth of Massachusetts, Contract Logix and Diagnosys.  All of the tenant spaces have been renovated since Novaya first purchased the property in 2012. 

Novaya Principal, Peter Carbone, commented, “We are very encouraged that real estate deals are getting done during what has quickly become a challenging economic environment.  We would like to thank Michael and Jen Price, for their hard work and commitment to completing this purchase.  This property has performed well for us for the past several years, and we expect similar results for Michael and his team.”

Michael Price added, “Peter and I made a commitment based on our longstanding relationship to make sure this deal closed, even given these exceptional times and challenges. 55 Tech Drive is a well-located property with a very stable mix of core tenants.  Given the quality of tenancy and level of maintenance performed by Novaya over the years, we expect this to be a solid investment for years to come. ”      

The deal was financed with debt provided to Legacy by Woodman’s of the World, through Northmarq Capital, and was brokered by Anthony Biette, of Peak Real Estate Partners. The property will be managed by Legacy affiliate Eastport Real Estate Services. 

About Novaya:Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully.   Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1 billion. Novaya’s assets are primarily located in the New England and Philadelphia, PA markets.  

About Hawk: Headquartered in Boston, MA, Hawk Properties (https://www.hawkpropertiesllc.com/) invests in real estate opportunities around the Northeast region. Their efforts are focused across multiple residential and commercial property types where capital improvements or operational efficiencies can increase the value of the property. 

About Legacy: Legacy Real Estate Ventures (www.legacyrev.com) recently relocated to Boston with expanded management. Legacy owns 17 office, medical and flex properties throughout Massachusetts and in the Providence and Philadelphia markets.

About Peak Real Estate Partners:Peak Real Estate Partners  (www.peakrepartners.com) was founded in 2017 by Anthony Biette.   Peak is a boutique real estate brokerage firm with specializing in investment properties in the small and middle capital markets in the Greater Boston region. Our goal is to combine three decades of experience with an obsessive focus on communication and collaboration to drive positive outcomes for sellers and buyers of commercial real estate.

Novaya Picks Up Westford R&D Space Leased to Nokia

Novaya Picks Up Westford R&D Space Leased to Nokia 745 463 Novaya Ventures

CBRE arranged the sale of 1 Robbins Rd., a 298,237-square-foot lab and R&D facility in Westford, MA. The property traded for $31,500,000 to Novaya Real Estate Ventures.

A Boston-based CBRE Capital Markets team of Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Anthony Hayes, Timothy Mulhall and Daniel Hines represented the seller and procured the buyer.

Additionally, CBRE’s Debt & Equity team secured debt financing for the buyer, Novaya Real Estate Ventures. The team includes Heather Brown, Andrew Stone, Rob Borden and Kyle Juszczyszyn.

1 Robbins Rd. is 100% leased to Nokia of America Corporation. With substantial tenant build-out, the property has been utilized as a mission-critical facility for Nokia, and its predecessors, since the mid-1990s. Located 1.8 miles from Interstate 495, the property provides convenient access to Greater Boston’s highway systems and major population centers.

NKF Orchestrates $26 Million Sale of 6 Technology Drive in Andover, MA

NKF Orchestrates $26 Million Sale of 6 Technology Drive in Andover, MA 642 472 Novaya Ventures

Novaya Real Estate Ventures and Wheelock Street Capital Sell Flex/Manufacturing Building

Boston, MA (January XX, 2020) — Newmark Knight Frank (NKF) announced today the successful completion of the$26 million sale of 6 Technology Drive in Andover, Massachusetts on behalf of Novaya Real Estate Ventures and Wheelock Street Capital. Vice Chairman Edward Maher, Executive Managing Directors Matthew Pullen and James Tribble and Director Samantha Hallowell of NKF’s Boston Capital Markets team – which is led by Co-Head of U.S. Capital Markets Robert Griffin – oversaw the transaction of the flex/manufacturing building in conjunction with NKF Executive Managing Director Torin Taylor. 

Totaling 128,400 square feet, 6 Technology Drive is fully leased to Dräger Medical Systems, a division of leading global medical and

safety technology company Dräger, as its North American headquarters and one of its seven global development sites. 

“6 Technology Drive has served as a mission-critical facility for Dräger Medical Systems for nearly 15 years,” said Pullen. “The tenant is currently undertaking a full modernization of the property including office, common area, amenity, exterior/entryway and base building upgrades.”

6 Technology Drive benefits from strategic positioning directly off Interstate 93, moments from Interstate 495 and five miles from the New Hampshire border in Boston’s northern suburbs. The property is located within Andover Tech Center, a three-building business complex, and surrounded by a wealth of leading technology, life science and medical device manufacturing firms. 

About Novaya Real Estate Ventures

Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1 billion in partnership with several of the premier institutional and family office investors worldwide.

About Wheelock Street Capital

Wheelock Street Capital (www.wheelockst.com) was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with 30 years of broad real estate transaction experience across all major asset classes. Wheelock has raised over $3 billion in capital commitments from well-known institutional investors and focuses on real estate investment opportunities throughout the United States, in both public and private markets. The firm may invest directly or with high-quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings and recapitalizations. Wheelock’s investment team benefits from extensive experience from top-tier institutional investment firms and highly regarded real estate operating companies and has produced a 10-year track record of demonstrated and consistent outperformance over industry benchmarks.

About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 18,000 professionals operate from approximately 480 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

NASUNI EXPANDS PRESENCE IN MARLBOROUGH, MA BY 10,000 SF

NASUNI EXPANDS PRESENCE IN MARLBOROUGH, MA BY 10,000 SF 719 476 Novaya Ventures

Novaya Real Estate Ventures is pleased to announce the expansion of Nasuni at 313 Boston Post Road.  Nasuni originally occupied 6,000 RSF and quickly expanded by 10,000 RSF for a total of 16,000 RSF. The lease represents Nasuni’s continued commitment and growth in its Marlborough location.  Nasuni, headquartered in Boston, is a leading provider of cloud storage solutions. Novaya principal, Jeff Theobald, commented, “We are excited to work with Nasuni as they grow their presence at 313 Boston Post Road. Nasuni’s lease further proves out the depth of engineering and technology talent attracted to the I-495 West market.”      

Novaya was represented by Philip DeSimone and Andrew Sherman at JLL.  Nasuni was represented by Chris Gorczyca of T3 Advisors.

About Novaya

Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1B in partnership with several of the premier institutional and family office investors worldwide.

NOVAYA FOXFIELD INDUSTRIAL COMPLETES CONSTRUCTION ON 122,000 SF CLASS-A INDUSTRIAL/DISTRIBUTION BUILDING

NOVAYA FOXFIELD INDUSTRIAL COMPLETES CONSTRUCTION ON 122,000 SF CLASS-A INDUSTRIAL/DISTRIBUTION BUILDING 737 411 Novaya Ventures

Novaya Foxfield Industrial LLC (Foxfield), the Mid-Atlantic arm of Novaya Real Estate Ventures completed construction and received the certificate of occupancy for a 122,000 SF Class-A industrial building at 301 Grove Road in West Deptford, NJ. 

The building features a 32’ clear height, build to suite office area, 48’ x 52’ column spacing, 63’ speed bay, 10 docks (expandable by 7), 2 drive-I doors, 800 amp 480/277 power service, ESFR – K17 sprinkler system, ample parking with immediate access to I-295. Foxfield has also secured approvals for a 2ndaccess driveway to Friars Blvd. 

“We are excited to deliver this Class A distribution space to the Southern New Jersey market, which has seen unprecedented growth over the last few years. This location will serve as a great home for tenants are serving the Philadelphia region, or tenants seeking shelter from surging rents in Northern New Jersey,” states Foxfield Principal, Jeff Harper.     

301 Grove is available for lease. Please reach out to Scott Mertz of NAI Mertz.

About Novaya

Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1B in partnership with several of the premier institutional and family office investors worldwide.

About Foxfield Industrial

Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, is a real estate operating company focused on the acquisition and operation of industrial properties throughout the Mid-Atlantic and the Southeast United States. The partnership aims to provide compelling, absolute investment returns while maintaining a margin of safety. Foxfieldanditsaffiliatescurrentlymanage3 million SF in existing assets and development projects. 

Learn more at Foxfieldindustrial.comor follow Foxfield on Instagram: @foxfieldindustrial,LinkedIn, or Twitter @foxfieldind.

Novaya Real Estate Secures 60K-SF Flex Lease in Metro Boston

Novaya Real Estate Secures 60K-SF Flex Lease in Metro Boston 748 467 Novaya Ventures

Novaya Real Estate Ventures has renewed a 60,000-square-foot lease with robotics company Symbotic in Wilmington.

Located at 200 Research Dr., the property is part of a four-building, flex portfolio consisting of 700,000 square feet that Novaya acquired this past summer. Symbotic is a developer of robotics and software that delivers advanced automation solutions to increase the speed and efficiency of the supply chains for manufacturers, distributors and retailers of all sizes. The property is approximately 16 miles north of Boston.

Novaya was represented by Matt Adams, Torin Taylor, Richard Ruggiero, and Rory Walsh at Newmark Knight Frank. Symbotic was represented by Mike Ripp and Mark Reardon of CBRE .

Marcus Partners Purchases Four Greater Boston Industrial Properties

Marcus Partners Purchases Four Greater Boston Industrial Properties 767 570 Novaya Ventures

CBRE announced the sale of a four-building portfolio including 326 Ballardvale Street in Wilmington, 1 First Avenue in Peabody, 57 Littlefield Street in Avon and 176 Grove Street in Franklin, Massachusetts. CBRE’s Boston Capital Markets team represented the seller, a joint venture between Investcorp and Novaya Real Estate Ventures, and procured the buyer, Marcus Partners. CBRE’s Boston Capital Markets team includes Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Anthony Hayes, Timothy Mulhall and Daniel Hines.

“The Greater Boston industrial market continues to experience unprecedented growth driven by consumption and the need to move goods through the supply chain efficiently,” stated CBRE’s Skeffington.“The joint venture between Novaya Real Estate Ventures and Investcorp was able to recognize and capitalize on this dynamic early in the market cycle, and Marcus Partners will undoubtedly benefit from continued future growth and improving market fundamentals going forward.” 

The four-building portfolio, totaling 899,755 square feet of mission-critical, best-in-class warehouse/distribution space, is 97.2% leased to a diversified roster of 12 tenants. Located with superior distribution access throughout Greater Boston and beyond, the portfolio presents a critical mass of institutional-quality warehouse/distribution assets that are ideally positioned to support the continued growth across theGreater Boston industrial market.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Novaya Foxfield Industrial Expands Lease with Barry Callebaut to 395,000 SF in Eddystone, PA

Novaya Foxfield Industrial Expands Lease with Barry Callebaut to 395,000 SF in Eddystone, PA 845 443 Novaya Ventures

September 16, 2019 – Novaya Foxfield Industrial LLC (Foxfield), the Mid-Atlantic arm of Novaya Real Estate Ventures, leased an additional 186,000 SF to Barry Callebaut at 1001 Industrial Highway, Eddystone, PA, expanding their presence to 395,000 SF.

“We are excited to announce our expanded relationship with Barry Callebaut, and thankful for the collaborative process that led to filling this vacancy for the first time in five years. Foxfield will be spending significant capital upgrading the facility to meet their specifications and increase their efficiency from production to distribution,” notesFoxfield Principal, Jeff Harper.

Barry Callebaut is the world’s leading manufacturer of high-quality chocolate and cocoa products. They are present in one out of four of all chocolate and cocoa products consumed around the world. The group is headquartered in Switzerland and employs nearly 12,000 people operating out of more than 30 countries.

Hugo van der Goes, Barry Callebaut’s VP, Cocoa, North America, explained, “Doubling our Eddystone, PA factory footprint is an important step in our cocoa growth journey. The additional space will enable us to add manufacturing lines for cocoa products and to grow our domestically-produced line of powder & butter.”

Michael Burns, Trevor Ragsdale, and Paul Torosian of JLL represented Barry Callebaut in the transaction.

About Novaya

Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1B in partnership with several of the premier institutional and family office investors worldwide.

About Foxfield Industrial

Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, is a real estate operating company focused on the acquisition and operation of industrial properties throughout the Mid-Atlantic and the Southeast United States. The partnership aims to provide compelling, absolute investment returns while maintaining a margin of safety.

Foxfield and its affiliates currently manage 3 million SF in existing assets and development projects.

Learn more at Foxfieldindustrial.com or follow Foxfield on Instagram: @foxfieldindustrial, LinkedIn, or Twitter @foxfieldind.

NOVAYA FOXFIELD INDUSTRIAL ACQUIRES 29 ACRES IN KING OF PRUSSIA, PROPOSES 350,000 SF CLASS-A KOP LOGISTICS HUB

NOVAYA FOXFIELD INDUSTRIAL ACQUIRES 29 ACRES IN KING OF PRUSSIA, PROPOSES 350,000 SF CLASS-A KOP LOGISTICS HUB 8011 5156 Novaya Ventures

September 18, 2019 – Novaya Foxfield Industrial LLC (Foxfield), the Mid-Atlantic arm of Novaya Real Estate Ventures, purchased 29 acres at 900 River Road (Schuylkill River Road) in Conshohocken, PA. Foxfield Industrial will demolish the existing chemical processing plant that has occupied the site for over 30 years, then plans to build a class A, 36’clear industrial property, called King of Prussia Logistics Hub.

The property is an infill redevelopment site located in the King of Prussia submarket, with exceptional access to I-76, I-476, and I-276. King of Prussia is primed for Class A industrial product, with the average warehouse being over 40+years old and only having 20’ clear heights.

“We are excited to announce the acquisition of this premier, infill, industrial development site in a submarket that is underserved for Class A warehouse and distribution product. KOP Logistics Hub is a bullseye for any company interested in servicing the Western Suburbs of Philadelphia and beyond, with its proximity to interstate access, close- by labor pools, and densely populated neighborhoods,” stated Foxfield Principal, Jeff Harper.

Paul Touhey, Tom Sullivan, Scott Miller, and Andrew Green of CBRE represented the seller in the sale of 900 River Road. For leasing inquires, please reach out to Paul Touhey, Andrew Green, ad Dan McGovern of CBRE.

This acquisition represents Novaya Foxfield Industrial’s 14th acquisition in the Mid-Atlantic region.

About Novaya

Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1B in partnership with several of the premier institutional and family office investors worldwide.

About Foxfield Industrial

Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, is a real estate operating company focused on the acquisition and operation of industrial properties throughout the Mid-Atlantic and the Southeast United States. The partnership aims to provide compelling, absolute investment returns while maintaining a margin of safety. Foxfield and its affiliates currently manage 3 million SF in existing assets and development projects.

Learn more at Foxfieldindustrial.com or follow Foxfield on Instagram: @foxfieldindustrial, LinkedIn, or Twitter @foxfieldind.

Novaya Sponsors Fudnraiser to Benefit Foundation to Be Named Later and Teen Cancer America at the Who Concert

Novaya Sponsors Fudnraiser to Benefit Foundation to Be Named Later and Teen Cancer America at the Who Concert 799 537 Novaya Ventures

Novaya was proud to sponsor a fundraiser to benefit Foundation To Be Named Later and Teen Cancer America at The Who concert Friday night at Fenway Park.

Founded in 2005 by Paul and Theo Epstein, FTBNL has raised over $8.5 million to benefit Boston inner city youth and families, while providing college education funds to hundreds of Boston youth under the auspices of the Peter Gammons Scholars Program.

Our special thanks to FTBNL Executive Director Allyce Najimy, and our own Helen Wong for orchestrating a fantastic night for our clients and families and friends.