News + Press

Franklin, MA – Novaya Real Estate Ventures recently signed a lease with leading defense contractor, Foster-Miller, Inc. (d/b/a QinetiQ North America) for 100% of the space at 130 Constitution Blvd. in Franklin, MA. The 59,970 square feet industrial building was acquired in 2013 and underwent a significant capital improvement program including upgrades to the exterior…

Lowell, MA – Novaya in a joint venture with Hawk Properties entered into a recapitalization of 10 Technology Drive and 55 Technology Drive located in Lowell, MA. The two assets were initially acquired back in 2012 and total 146,696 square of office/R&D space. The portfolio is currently 84% occupied by a strong roster of tenants,…

Concord, MA – NGKF Capital Markets has successfully completed the sale of 300 Baker Avenue in Concord, Massachusetts to Novaya Real Estate Ventures for $63.5 million. The NGKF Capital Markets Boston team led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Associate Director Samantha Hallowell oversaw…

Farmington, CT – December 2016 – Wheelock and Novaya have sold 195 Scott Swamp Road in Farmington, CT to MJF Properties. The 65% occupied, 69,525 square foot office building represents the eighth asset sold by Wheelock/Novaya out of a 14-asset portfolio acquired earlier this year. Both sides were advised by Scott Jamieson and Andrew Filler…

Littleton, MA – December 2016 – Novaya Real Estate Ventures acquired Littleton Distribution Center, a 480,000 square foot Class A distribution facility located in Littleton, Massachusetts.  Purchased for $41.25 million, the property is 88% leased and one of the few crossdock facilities in the Boston industrial market. The property enjoys a diverse roster of credit…

October 2016 – Transwestern today announces it completed a recapitalization of a four-building industrial portfolio, totaling approximately 900,000 square feet, on behalf of Novaya Real Estate Ventures. Transwestern Partner Chris Skeffington and Vice Presidents Roy Sandeman and Joe Olin arranged the equity placement with Investcorp, an alternative investment manager based out of New York. Consisting…

September 2016 – BOSTON, MA – Avison Young, as representative for Wheelock and Novaya, recently completed the sale of 100 Griffin Brook Drive in Methuen for $2.55 Million  to Andover Development Group, LLC. The 38,740 square foot office/flex was sold at 75% occupied with Larson Juhl and NHV America as the two tenants. The 100…

August 2016 – Boston, MA – Novaya Real Estate Ventures and Wheelock Street Capital recently signed a full building lease with Ocular Therapeutix, Inc. totaling 70,712 square feet of office and laboratory space at 15 Crosby Drive in Bedford, MA.  Ocular Therapeutix is a leading developer of sustained ophthalmic therapies. Ocular is scheduled to take…

July 2016 – BOSTON, MA – Colliers International, as representative for Wheelock and Novaya, recently completed the sale of 12 Parkwood Drive in Hopkinton for $2.93 Million to AIS Development. AIS is a Framingham-based real estate and advisory firm, whose diverse portfolio consists of over 20 mixed-use properties throughout Massachusetts and North Carolina. The 38,979…