Boston – CBRE announced the sale of 1 Robbins Road in Westford, MA for $31,500,000 to Novaya Real Estate Ventures.
For the sale of 1 Robbins Road, CBRE Capital Markets’ Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Anthony Hayes, Timothy Mulhall and Daniel Hines, based in Boston, represented the seller and procured the buyer, Novaya Real Estate Ventures.
Additionally, CBRE’s Debt & Equity team secured debt financing for the buyer, Novaya Real Estate Ventures. The team includes Heather Brown, Andrew Stone, Rob Borden and Kyle Juszczyszyn.
1 Robbins Road is a 298,237 sq. ft. lab and R&D facility, located in Westford, Massachusetts. The property is 100% leased to Nokia of America Corporation. With substantial tenant build-out, the property has been utilized as a mission-critical facility for Nokia, and its predecessors, since the mid-1990s.
Located 1.8 miles from Interstate 495, the property provides convenient access to Greater Boston’s highway systems and major population centers. Surrounded by a long list of blue-chip corporate tenants, 1 Robbins Road is within proximity to a strong amenity base.