Eight properties in Andover, Massachusetts, Minuteman Park have traded hands for a total of $341 million. Atlantic Management and Spear Street Capital sold the properties in separate transactions. Minuteman Park is a corporate campus located 25 miles north of Boston. A single assemblage buyer purchased the properties.
Atlantic Management sold 3000 Minuteman Road for $190 million, while Spear Street Capital sold 30, 100 and 200 Minuteman Road and 138 River Road for $151 million. The properties total 1.3 million square feet, and include office, R&D and laboratory space.
Newmark co-head of U.S. capital markets Robert Griffin, vice chairman Edward Maher, executive managing director Matthew Pullen and managing director Samantha Hallowell of the firm's Boston Capital Markets Group represented the sellers and procured the buyer in the transactions.
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Kelsi Maree Borland
