Novaya Real Estate Ventures Acquires Wilmington Warehouse For $24.5M

July 25, 2015 News

Novaya Real Estate Ventures LLC recently purchased a three-building warehouse in Wilmington for $24.5 million.

The 293,980-square-foot warehouse at 326 Ballardvale St. is leased to National Grid and Symbotic (a subsidiary of C&S Wholesalers). The property is located off of I-93.
“We strongly believe in the real estate fundamentals of the Boston industrial market. These properties benefit from a key location in the improving Interstate 93 corridor market and generous clear heights which we see as positive indicators for success over the long term within the market,” Novaya Principal Peter Carbone said in a statement.

Colliers International represented the seller, RREEF, in the transaction.

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