Two separate transactions involving a total of eight assets within Minuteman Park, a premier corporate campus located 25 miles north of Boston in Andover, Mass., were completed for a total of $341 million. The sellers were Atlantic Management and Spear Street Capital.
Newmark represented the sellers in separate transactions for their respective assets and procured a single campus assemblage buyer.
The transaction includes the $190 million sale of 3000 Minuteman Road on behalf of Atlantic Management and the $151 million sale of 30, 100 and 200 Minuteman Road and 138 River Road on behalf of Spear Street Capital. In total, the two campuses comprise more than 1.3 million square feet of existing office, R&D and laboratory space, along with the ability to develop new state-of-the-art biomanufacturing space on site.
Situated directly off Interstate 93, five miles south of the New Hampshire border and 25 miles north of Boston, Minuteman Park is a premier corporate c
