News + Press

Novaya Open-End Fund Acquires Mission-critical industrial facility near Boston 1171 1020 Novaya Ventures

Novaya Open-End Fund Acquires Mission-critical industrial facility near Boston

Source: JLL Capital Markets Capital Markets announced today that it has closed the sale of and arranged acquisition financing for a fully leased, 47,915-square-foot, single-tenant light industrial distribution and manufacturing facility at 60 Winter St. in the suburban Boston community of Malden, Massachusetts. JLL represented the seller, Eastern Real Estate, which sold the property to Boston-based Novaya Real…

Taymil Partners and Novaya Residential Acquire Three Multifamily Apartment Buildings in Downtown Beverly, Massachusetts 1950 1228 Novaya Ventures

Taymil Partners and Novaya Residential Acquire Three Multifamily Apartment Buildings in Downtown Beverly, Massachusetts

BOSTON – Taymil Partners and Novaya Residential announce the acquisition of three multifamily apartment complexes in Beverly, Massachusetts. The three properties are located at 375 Rantoul Street, 79 Rantoul Street and 50 Broadway. Collectively, the portfolio is comprised of 128 units totaling approximately 93,059 square feet, with 113 parking spaces and one street level retail…

CBRE Brokers $151M AIG, Novaya Flex Sale 2560 1920 Novaya Ventures

CBRE Brokers $151M AIG, Novaya Flex Sale

Via RealReporter March 24, 2021 — By Joe ClementsWILMINGTON — They were not quite gone in 60 seconds, but AIG Global and Novaya Real Estate Partners have realized a speedy payday from their joint venture which has harvested a 700,000-sf flex/industrial portfolio for $151.8 million to BentallGreenOak via CBRE Capital Markets, the deal coming less…

Old Garelick Dairy on Lynnway Sells, Clearing Way for Redevelopment 2560 1920 Novaya Ventures

Old Garelick Dairy on Lynnway Sells, Clearing Way for Redevelopment

Link to Boston Globe article

Novaya Foxfield Industrial Launches King of Prussia Logistics Hub Development 391 228 Novaya Ventures

Novaya Foxfield Industrial Launches King of Prussia Logistics Hub Development

Novaya Foxfield Industrial is excited to formally launch the King of Prussia Logistics Hub! The 331,525 SF Class A industrial/distribution project is located 15 miles from center Philadelphia at the intersection of I-76 and I-476 and will deliver in Fall 2021.

Major project near Assembly Row is moving forward, with more lab space 680 400 Novaya Ventures

Major project near Assembly Row is moving forward, with more lab space

Link to Boston Globe article

NOVAYA FOXFIELD INDUSTRIAL COMPLETES SALE OF SEVEN-ASSET NEW JERSEY PORTFOLIO 572 574 Novaya Ventures

NOVAYA FOXFIELD INDUSTRIAL COMPLETES SALE OF SEVEN-ASSET NEW JERSEY PORTFOLIO

April 10, 2020– Novaya Foxfield Industrial, in conjunction with Drake Real Estate Partners, completed the sale of seven industrial assets. The portfolio consisted of 553,579 SF located in Mount Laurel, Delran and Swedesboro, NJ and was approximately 90% leased at the time of sale.  The partnership continues to own three Class A assets located at 301…

Novaya Sells Concord Office Building For $75M 651 441 Novaya Ventures

Novaya Sells Concord Office Building For $75M

Taurus Investment Holdings paid $74.5M for a 410K SF office building in Concord. Boston-based Taurus bought the property at 300 Baker Ave. from Novaya Real Estate Ventures. The property is 92.3% occupied by 13 tenants, including Emerson Hospital, Welch’s Foods Inc. and Lexia Learning. Novaya bought the building from Normandy Real Estate Partners in 2017 for $63.5M. “We are…

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

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

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,…