Newmark Knight Frank is pleased to announce that the firm recently completed a 147,371-square-foot lease extension to Novanta, Inc. (Nasdaq: NOVT) at 125 Middlesex Turnpike in Bedford, Massachusetts. 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, in the transaction.
Built in 1975 and rehabbed in 2009, 125 Middlesex Turnpike is a Class A, 147,371-square-foot, single-story, flex/manufacturing building featuring 75,000 square feet of office space. Novanta, a supplier of laser products, precision-motion and vision technologies, has occupied 125 Middlesex since 2008 and has created a world-class office and manufacturing location employing more than 400 people. The firm signed a long-term extension of its lease at the property, which serves as Novanta’s 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. The firm offers its products to original equipment manufacturers (OEM’s) in the medical equipment and industrial markets. Novanta’s segments include: Photonics, Vision and Precision Motion.
About Newmark Knight Frank
Newmark Knight Frank, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
