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Developers Announce Merger and Rebranding

Feb 3, 2022 | Reprints | Unlock Link

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Two development firms are teaming up to pursue acquisition and development of commercial and residential properties on the East Coast.

Boston-based Novaya Real Estate Ventures and Foxfield Industrial of Atlanta announced a merger which rebrands the combined companies as Foxfield LLC. The new business entity replaces Novaya Foxfield Industrial, which operated jointly and invested in industrial properties in the mid-Atlantic and Southeast, the companies said in an announcement.

Novaya and Foxfield Industrial acquired $200 million of real estate in 2021 and sold $387 million of properties. Foxfield is in permitting or under agreement to acquire $750 million of real estate.

Foxfield will focus on acquisition and development of industrial, residential, life science and office properties on the East Coast, the companies said.

B&T Daily