WHEELOCK STREET CAPITAL AND NOVAYA REAL ESTATE VENTURES CLOSE ON THE SALE OF 12 PARKWOOD DRIVE IN HOPKINTON, MA

July 2016 – BOSTON, MA – Colliers International, as representative for Wheelock and Novaya, recently completed the sale of 12 Parkwood Drive in Hopkinton for $2.93 Million to AIS Development. AIS is a Framingham-based real estate and advisory firm, whose diverse portfolio consists of over 20 mixed-use properties throughout Massachusetts and North Carolina. The 38,979 square foot office/flex was a build-to-suit for SCP Distributors, who remain as the sole occupant in the building.

The 12 Parkwood sale represents the fifth asset sold by Wheelock/Novaya out of a 14-asset portfolio acquired earlier this year.