25 Porter Road - Littleton, MALittleton, MA NAI Hunneman represented Hanscom Federal Credit Union in the $3.25 million purchase of 25 Porter Rd. from Wheelock Street Capital and Novaya Real Estate Ventures. The 67,167 s/f, class A office building is located off Rte. 2 at the intersection of I-495.
NAI Hunneman’s David Gilkie and Jim Boudrot represented Hanscom Federal Credit Union while Wheelock and Novaya acted on its own behalf as the seller. NAI Hunneman’s north west suburban leasing team, which includes Gilkie, Boudrot, and Mike Allen, have been retained to lease the remaining space in the building.
“The building was very well maintained by the previous owner and is in great condition,” said Gilkie. “It’s located in a strategic area for Hanscom Federal Credit Union and its employees. They will also be taking advantage of the specialized infrastructure for their own operations.”
Located at Exit 39 off Rte. 2, 25 Porter Rd. is surrounded by numerous corporate neighbors and a wealth of area amenities including the new retail destination, The Point, which is home to shopping, dining and entertainment options.
Novaya Real Estate Ventures is a Boston based private real estate investment firm that creates value for its clients and investors by leveraging their local expertise, proprietary market relationships, and management acumen and creative deal structuring. The founding team of Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully has over 100 combined years of real estate experience including institutional asset management, private equity, real estate law and venture capital.
Wheelock Street Capital L.L.C. is a private real estate investment firm founded in 2008 by Merrick Kleeman and Jonathan Paul and headquartered in Greenwich, CT and Boston. Wheelock focuses on real estate investments throughout North America and will invest in both public and private market opportunities and in all parts of the capital structure. The firm is a trustworthy source of capital for borrowers seeking to recapitalize overleveraged properties and portfolios. Our capital funding gives us the flexibility to pursue investment opportunities of all sizes, from single assets to corporate or portfolio investments of over $1 billion. Backed by established institutional capital, Wheelock has raised four funds to-date, the latest of which closed in April of 2014 with $625 million in capital commitments.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
