A unit of Boston’s Novaya Real Estate Ventures has purchased the former Johnson Matthey Inc. chemicals plant in Conshohocken, with plans to clear the 29-acre property for conversion into a warehouse complex.
Novaya Foxfield Industrial LLC, which focuses on properties in the Mid-Atlantic region, is calling its planned 350,000-square-foot complex at 900 River Rd. the King of Prussia Logistics Hub, it announced in a release Wednesday.
A Novaya spokeswoman declined to share financial details of the transaction. Johnson Matthey, which is based in London with a U.S. headquarters in Wayne, did not immediately respond to an email.