NOVAYA REAL ESTATE VENTURES, LLC PURCHASES 154 CAMPANELLI DRIVE IN MIDDLEBOROUGH, MASSACHUSETTS

JANUARY 2016 – BOSTON, MA – Novaya Real Estate Ventures, LLC acquired 154 Campanelli Drive, a 275,0000 square foot Class A warehouse facility located in Middleborough, Massachusetts for $19,700,000. The property is 100% leased to alphabroder, the leader in imprintable activeware, on a long-term basis.

The property is located three-quarters of a mile north of the active industrial I-495 corridor, five miles from Route 24, thirty-five miles from Boston and twenty-five miles from Providence, RI. Other notable tenants of the park include Christmas Tree Shops, Aldi, Trader Joe’s and Serta Mattress.

This marks the fourth industrial acquisition for Novaya in the previous twelve months. Jeff Theobald, Principal at Novaya, said “We continue to look for well-located, functional industrial product which benefits from strong market dynamics. 154 Campanelli Drive fits that criteria.”

JLL represented the seller, AEW, on the transaction.