Novaya Acquires 8 Newbury Street

A 19,000-square-foot, mixed-use building at 8 Newbury St., near the Public Garden, has sold for $15.2 million. Investment firm UrbanMeritage, in partnership with Novaya Real Estate Ventures and L&B Realty, were the purchasers. The seller was Martha W. de Bourgknecht.

CBRE/New England’s Capital Markets team of Chris Angelone, Bill Moylan, Nat Heald and Bruce Lusa represented the seller and procured the buyer in the transaction.

“8 Newbury St. offers an exceptionally rare opportunity to reposition an eight-story building located on the most desirable block of this world-renowned retail corridor,” Angelone said in a statement.