{"id":1004159490,"date":"2016-11-18T05:11:06","date_gmt":"2016-11-18T13:11:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159490"},"modified":"2020-05-18T23:22:54","modified_gmt":"2020-05-19T07:22:54","slug":"carter-validus-nabs-37m-boston-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/carter-validus-nabs-37m-boston-area-asset\/","title":{"rendered":"Carter Validus Nabs $37M Boston-Area Asset"},"content":{"rendered":"

By Bogdan Odagescu, Associate Editor<\/em><\/p>\n

\"400<\/a>

400 Minuteman Road, Andover, Mass.<\/p><\/div>\n

Boston<\/strong>\u2014NGKF<\/a> recently announced it has closed the sale of 400 Minuteman Road, a 153,000-square-foot office property in Andover, Mass.<\/a> The asset, which is part of the 1 million-square-foot Minuteman Park office campus, was bought by Carter Validus Mission Critical REIT II<\/a> for $37 million from Spear Street Capital<\/a>.<\/p>\n

\u201c400 Minuteman Road benefits from a \u2018sticky’ tenant roster with Time Warner Cable operating a state-of-the-art data center<\/a> at the property,” said Samantha Hallowell, NGKF associate director, in prepared remarks. “Additionally, it features exceptional positioning within a market-leading \u2018super park’ with one of the most desirable corporate addresses in suburban Boston.”<\/p>\n

Located roughly 27 miles north of central Boston and right next to Interstate 93, the property also offers convenient access to interstates 95 and 495. Completed in 2000, the two-story office building<\/a> is 100 percent leased to Time Warner Cable and The Weather Co. According to Essex County records, the property last changed hands in 2015, for $34 million.<\/p>\n

Image courtesy of The Brickstone Cos.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 153,000-square-foot building is 100 percent leased to Time Warner Cable and The Weather Co. <\/p>\n","protected":false},"author":740,"featured_media":1004159491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21755,21743,21742,10,21747],"tags":[],"class_list":["post-1004159490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-data-centers","category-deals","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\nCarter Validus Nabs $37M Boston-Area Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/carter-validus-nabs-37m-boston-area-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carter Validus Nabs $37M Boston-Area Asset\" \/>\n<meta property=\"og:description\" content=\"The 153,000-square-foot building is 100 percent leased to Time Warner Cable and The Weather Co.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/carter-validus-nabs-37m-boston-area-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-18T13:11:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T07:22:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/400-Minuteman-Road-Andover-Mass..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"296\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carter-validus-nabs-37m-boston-area-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/carter-validus-nabs-37m-boston-area-asset\/\",\"name\":\"Carter Validus Nabs $37M Boston-Area Asset - 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