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Newmark Checks off $341M Sale of Eight Assets within Minuteman Park in Andover
Newmark has completed the $341-million sale of eight assets within Minuteman Park, a corporate campus located 25 miles north of Boston in Andover, MA.
Newmark’s Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of the firm’s Boston capital markets group represented the sellers, Atlantic Management and Spear Street Capital, in separate transactions for their respective assets and procured a single campus assemblage buyer. Newmark’s William Sleeper provided financial analysis support and Torin Taylor has been retained as the exclusive leasing agent for the campus.
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 biomanufacturing space on site.
- ◦Sale/Acquisition
