Novex Innovations Purchases its Headquarters Buildings in Winston-Salem

0

WINSTON SALEM, North Carolina (January 2022) – The owners of Novex Innovations, Jerry Barker and Doug Drabble, through Albert Hall Properties, LLC and Victoria Hall Properties, LLC, have purchased Albert Hall located at 101 North Chestnut and Victoria Hall located at 111 North Chestnut Street, in downtown Winston-Salem. Albert Hall currently houses Novex Innovations’ headquarters.

“The acquisition helps ensure that we control our own future,” said Jerry Barker, CEO of Novex Innovations. “Novex’s growth strategy includes expansion of our entire portfolio of services in the CDMO space and owning our own facilities will provide us with the flexibility to support the changing needs of our company and our customers”.

Trey Morgan, president of The Morgan Companies, represented Novex Innovations in the purchase. The company purchased the two office buildings for $12,150,000. Pinnacle Bank provided financing for the acquisition.

“Whenever possible, we enjoy helping clients align their real estate strategy with their operational goals,” said Morgan. “Novex Innovations is well positioned to continue their exceptional growth.”

Meridian Realty Group, along with Meridian Realty Services, have been retained as the leasing agent and property management company for the two buildings. For leasing inquiries at Albert Hall or Victoria Hall, please contact Jesse Jarrell with The Meridian Realty Group at [email protected].

About Novex Innovations

Novex Innovations, founded in 2014, is a Contract Development and Manufacturing Organization (CDMO) dedicated to bridging the gap between discovery and patient care by facilitating the translation from research to commercialization. As a full-service CDMO, Novex offers fully-integrated, start-to-finish solutions across all it’s divisions – Biologics, Pharmaceuticals and Medical Device. For more information, please visit www.novexinnovations.com.

About The Morgan Companies

For more than 45 years, The Morgan Companies have specialized in brokerage, management, and commercial real estate development. We have acquired, developed, managed, and leased over $1 billion in multi-sector assets in markets across the eastern U.S. The company has offices in Charlotte, North Carolina and Fort Lauderdale, Florida. For more information, please visit www.themorgancos.com.