Novaya Acquires 480,000 Square Foot Industrial Building in Littleton, Massachusetts
Littleton, MA – December 2016 – Novaya Real Estate Ventures acquired Littleton Distribution Center, a 480,000 square foot Class A distribution facility located in Littleton, Massachusetts. Purchased for $41.25 million, the property is 88% leased and one of the few crossdock facilities in the Boston industrial market. The property enjoys a diverse roster of credit national and regional tenants which include Colonial Systems, 1A Auto, Bureau Veritas and Curriculum Associates.
“Novaya continues to look for quality industrial product in the New England market. Little Distribution Center is a unique asset that combines high-bay clear heights with crossdock capability, which is something that can be difficult to find in this supply-constrained market.” says Novaya Principal, Jeff Theobald.
JLL’s Ed Jarosz and Rick Schuhwerk will represent Novaya on the leasing of the asset.