Novaya Real Estate Ventures Purchases 313 Boston Post Road in Marlborough,MA

Novaya Real Estate Ventures Purchases 313 Boston Post Road in Marlborough,MA

Novaya Real Estate Ventures Purchases 313 Boston Post Road in Marlborough,MA 800 533 Novaya Ventures

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.