Novaya, Hawk Properties Complete $13.25M Recapitalization of Lowell, Mass., Office Properties

LOWELL, MASS. — Novaya in a joint venture with Hawk Properties entered into a $13.25 million recapitalization of 10 Technology Drive and 55 Technology Drive located in Lowell. The two assets total 146,696 square of office/R&D space. The portfolio, which was initially acquired in 2012, is 84 percent occupied. Tenants include Evoqua Water Technologies, Borrego Solar and Lowell General Hospital.