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Boston & New England  + Metro Boston  + Industrial  | 

Novaya Picks Up Westford R&D Space Leased to Nokia

CBRE arranged the sale of 1 Robbins Rd., a 298,237-square-foot lab and R&D facility in Westford, MA. The property traded for $31,500,000 to Novaya Real Estate Ventures.

A Boston-based CBRE Capital Markets team of Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Anthony Hayes, Timothy Mulhall and Daniel Hines represented the seller and procured the buyer.

Additionally, CBRE’s Debt & Equity team secured debt financing for the buyer, Novaya Real Estate Ventures. The team includes Heather Brown, Andrew Stone, Rob Borden and Kyle Juszczyszyn.

1 Robbins Rd. is 100% leased to Nokia of America Corporation. With substantial tenant build-out, the property has been utilized as a mission-critical facility for Nokia, and its predecessors, since the mid-1990s. Located 1.8 miles from Interstate 495, the property provides convenient access to Greater Boston’s highway systems and major population centers.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition