News:
Owners Developers & Managers
Posted: July 6, 2018
Newmark Knight Frank completes 147,371 s/f lease extension to Novanta
Bedford, MA Newmark Knight Frank (NKF) completed a 147,371 s/f lease extension to Novanta, Inc. at 125 Middlesex Tpke. NKF executive managing directors Rich Ruggiero, Torin Taylor and Matthew Adams, along with senior managing director Rory Walsh, associate Ross Gaudet and brokerage services specialist Liz McNeill represented ownership, 125 Middlesex Turnpike LLC c/o Mohawk Partners, LLC.
Built in 1975 and rehabbed in 2009, 125 Middlesex Tpke. is a class A, 147,371 s/f, single-story, flex/manufacturing building featuring 75,000 s/f of office space. Novanta, a supplier of laser products, precision-motion and vision technologies, has occupied 125 Middlesex since 2008 and employing more than 400 people. The firm signed a long-term extension at the property, which serves as corporate headquarters.
Formerly GSI Group, Inc., Novanta was founded in 1968 and designs, develops, manufactures and sells precision photonic and motion control components and subsystems.
MORE FROM Owners Developers & Managers
Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus
Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.
.png)
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
 (1).png)