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Boston & New England  + Industrial  |  September 13, 2019
David Cohen
By: David Cohen

Novaya Real Estate Acquires 700K-SF Industrial Portfolio in New England

Novaya Real Estate Ventures has acquired a nine-building, 700,000-square-foot flex and industrial portfolio in Wilmington and Billerica, Massachusetts and Londonderry, New Hampshire. The sales price was not disclosed. The properties feature up to 20-foot clear heights, and can accommodate warehouse, research and development, manufacturing and service uses.

The seller was Wakefield Investments. Torin Taylor, Matt Adams, Rory Walsh, Rich Ruggiero and Ross Gaudet of NKF’s industrial leasing team, will continue to lease the properties on behalf of Novaya.

“The opportunity resides in a growing scarcity of good quality, well located industrial space in the Greater Boston and New Hampshire markets,” said Karl Dykstra, director at Novaya Real Estate Ventures. “We continue to be impressed by the depth of flex demand.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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