News + Press

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…

August 7, 2019 – Novaya Foxfield Industrial (NFI), the Mid-Atlantic industrial arm of Novaya Real Estate Ventures, purchased 20 acres of land on Zeager Road in the Conwego Industrial Park.   NFI is currently under construction, developing two industrial warehouses totaling 200,000 SF.  The buildings will boast state of the art concrete panel construction, 32’ clear…

PHILADELPHIA, PA – December 19, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $23.58 million financing for Eddystone Industrial Park, a four-building industrial park totaling 465,680 square feet in the Philadelphia-area community of Eddystone, Pennsylvania. The HFF debt team worked on behalf of Foxfield Industrial, a joint venture between Novaya Real Estate Ventures (Novaya)…

October 19, 2018 – Novaya Foxfield Industrial LLC (Foxfield) announces its first acquisition in the Southeastern United States: a 455,602 SF high-bay warehouse for $16,320,000. The building is located at 1001 Cherry Drive, Braselton, GA on 30.5 acres, and features high profile visibility from I-85 as well as immediate access to the interstate via exit…

October 17, 2017 – Novaya Foxfield Industrial LLC (Foxfield) had a busy summer of leasing, completing the following new leases, renewals and relocations totaling over 500,000 square feet: AmeriPac, Inc. signed a new 178,600 SF lease at 4500 Westport Drive, Mechanicsburg, PA. Ameripac’s commitment to this industrial facility and the greater Harrisburg industrial market illustrates…

Somerville, MA  The Somerville Planning Board gave unanimous approval to XMBLY, a 1.5 million s/f mixed-use development in the Assembly Sq. neighborhood. XMBLY has been designed to create destination office/lab space in a neighborhood that has become known primarily for retail and residential uses. The mixed-use plan also calls for an additional 489 units of residential,…