Novaya Real Estate Ventures Acquires 57 Littlefield Street in Avon, Massachusetts
AVON, MA – Novaya Real Estate Ventures increased their portfolio over twenty percent with the acquisition of 57 Littlefield Street in Avon, Massachusetts for $14.4 million on April 23, 2015. The 407,466 square foot warehouse building is currently 89% leased to an accredited roster of tenants including William Walsh, Inc. and Uni-Select, Inc.
The property is located less than 2 miles off of Exit 19A on Route 24 and approximately five miles south of the Route 128/Interstate 93 interchange, benefitting from an abundance of amenities along Route 24 including restaurants, hotels, day care, and other business services. The property is also just a short drive to the Mass Pike (I-90) and I-495. With easy access to the region’s major highways, the area is considered an ideal location for regional distribution to Greater Boston and New England.
“We believe in this location and the continued strength of the Greater Boston industrial real estate market,” said Peter Carbone, Principal of Novaya. “We think there is real value in the upcoming vacancy at 57 Littlefield and an opportunity to leverage the tightening market and overall demand from cost conscious tenants seeking functional, cost effective locations.”
Transwestern|RBJ represented the Seller in the transaction.