From the business radar, QinetiQ North America expands to Franklin.
"Transwestern Consulting Group (TCG) brokered the $6.4 million sale of 130 Constitution Blvd. in Franklin, Ma, on behalf of Novaya Real Estate Ventures.
The 59,970-square-foot industrial building was purchased by Albert Milstein, Barry Kirschenbaum and Sanford Bokor. TCG Partners John Lashar and Chris Skeffington, along with Vice President Roy Sandeman, represented the seller and assisted in sourcing the buyer.
Novaya purchased the building in 2013 as part of a two-building portfolio in a transaction also brokered by TCG and has since launched a significant capital improvement campaign. Novaya completed a full “vacancy preparation” repositioning of the building, which included painting the warehouse, a floor strip and seal, installing new lighting, and upgrading the dock doors with new levelers. In addition, a new roof and upgraded HVAC units were installed as part of the overall improvement campaign.
“Novaya did an outstanding job repositioning 130 Constitution Blvd. into a first-class flex/manufacturing facility that really stands out in one of Greater Boston’s strongest submarkets,” said Skeffington. “The new ownership is purchasing a well-located asset that is 100 percent leased to a long-term, well-capitalized tenant.”
Continue reading the full article online
http://bostonrealestatetimes.com/transwestern-consulting-group-brokers-building-sale-on-behalf-of-novaya-real-estate-ventures/
The "well-capitalized tenant" is QinetiQ North America. From the company webpage:
"QinetiQ North America (QNA) shapes the future with innovative products, advanced engineering and research and development for government, civilian, utility and commercial customers worldwide. We pride ourselves on developing, delivering and supporting a portfolio of industry-leading products that have been used and tested for decades.
We are the world leaders in unmanned systems with proven innovations in military protection technology including ground and aircraft armor, RPG protection, and soldier protection systems. We also offer innovative technologies and products for the maritime, utility and commercial safety market. Together, our products aid in situational awareness, protect customer assets, increase mission effectiveness, reduce operational costs and save lives."Find out more about their products https://www.qinetiq-na.com/products/
Visit their YouTube channel https://www.youtube.com/channel/UC1ZtYN59WSfHOPKCy5y1exg
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