MARLBOROUGH, MA – Novaya Real Estate Ventures, LLC acquired 313 Boston Post Road West in Marlborough, Massachusetts for $9.1 million on June 16, 2014. The 110,739 square foot Class A office building lies approximately 30 miles west of Boston and is well-‐tenanted by a mixture of national and local tenants. Situated minutes off of Interstate 495 at Exit 24, 313 Boston Post Road West provides exceptional regional highway access and a multitude of rich amenities, including food and lodging offerings.
This was Novaya’s second acquisition in the Marlborough market after purchasing the vacant 397 Williams Street in March 2014. “We feel Marlborough is a recovering market but attractive buildings, such as 313 Boston Road, perform well through various cycles” said Novaya principal Jeff Theobald.
CB Richard Ellis represented the seller, Normandy Real Estate Partners.