PEABODY, MA–Novaya Real Estate Ventures leased 62,000 SF of office space to Spire Printing at 1 First Avenue in Peabody, MA. The lease represents Spire’s relocation from their metro-Boston location at 85 Bay Street to the North Shore.
“This deal reflects a true transition of traditional storage-based warehouse space to a state-of the-art digital printing lab,” said Shawn Hawthorne, Vice President of Asset Management at Novaya Real Estate Ventures. “We are excited to complete construction and welcome Spire Printing in late summer.”
Novaya was represented by Greg Klemmer of Colliers International and Spire was represented by John Cremmen of Danenberg Realty Advisors. Nick Eddy, Project Manager for Novaya, will oversee construction of the premises alongside Bowdoin Construction.
Novaya Real Estate Ventures was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1B in partnership with several of the premier institutional and family office investors worldwide.
Spire was founded in 1988 and is headquartered in Boston with offices in New York, London and Hong Kong. Spire helps clients develop and execute marketing programs that increase response rates and ROI. Spire’s clients represent a variety of industries such as financial services, insurance, health care, education and retail.