News: Front Section
Posted: December 13, 2019
Novaya Real Estate Ventures renews 60,000 s/f with Symbotics - handled by Adams, Taylor, Ruggiero and Walsh of NKF
Wilmington, MA Novaya Real Estate Ventures renewed a 60,000 s/f lease with robotics company, Symbotic. The lease represents Symbotic’s continued commitment to its headquarters space at 200 Research Dr. The property is part of a four building, flex portfolio consisting of 700,000 s/f that Novaya acquired this past summer.
Novaya was represented by Matt Adams, Torin Taylor, Richard Ruggiero, and Rory Walsh at Newmark Knight Frank. Symbotic was represented by Mike Ripp of CBRE and Mark Reardon.
Novaya principal, Peter Carbone, said, “We are thrilled that Symbotic has decided to renew its headquarters at 200 Research Dr. The building is one of the premiere flex buildings in the suburban Boston market, providing tenants with highly flexible space that can be used for office, lab, research and development, light manufacturing and warehouse/distribution space.”
Symbotic is the developer of innovative robotics and software to deliver advanced automation solutions to increase the speed and efficiency of the supply chains for manufacturers, distributors, and retailers of all sizes.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.