News + Press

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…

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…

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,…

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…

ANDOVER, MA- Novaya Real Estate Ventures and Wheelock Street Capital sold 1 Technology Drive in Andover, MA to Sunset Rock, LLC. Financial details of the transaction were not disclosed. The Property is a 100,000 SF office building positioned in a premier office location in Andover. The building features a newly renovated lobby, common areas, and…

Novaya Real Estate Ventures has acquired nine flex/industrial buildings from Wakefield Investments consisting of 700,000 SF in Wilmington, MA, Billerica, MA, and Londonderry, NH. Novaya closed on the first phase of the transaction in December 2018, which included five buildings located in Billerica, MA and Londonderry, NH. Novaya closed on the remaining Wilmington properties in June 2019, completing the second…

International MedTech company Dräger Medical Systems has signed a 128,000-square-foot lease renewal for its North American headquarters at 6 Tech Drive in Andover. Dräger plans to complete a full refurbishment of the facility over the next 18 months. Michael Dalton, Blake Baldwin, Sharon Joyce, Deanne Munger and Joel Schur of Cushman & Wakefield represented Dräger…

AUGUST 15, 2019 – Novaya Real Estate Ventures announces the lease of approximately 119,000 SF of industrial space to BAE systems in Hudson, NH.  BAE Systems will relocate from Merrimack, NH.  The property, located at 36 Executive Drive in Hudson, NH, features 32’ clear height, 40×40 column spacing, and ample loading and trailer parking.  There…

Novaya Real Estate Ventures leased 62,000 SF of office space to Spire Printing at 1 First Avenue in Peabody. The lease represents Spire’s relocation from their metro-Boston location at 85 Bay Street to the North Shore. Shawn Hawthorne, Vice President of Asset Management at Novaya Real Estate Ventures, notes “This deal reflects a true transition…