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.