{"id":1004210164,"date":"2018-03-14T07:12:20","date_gmt":"2018-03-14T15:12:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210164"},"modified":"2022-12-08T23:30:16","modified_gmt":"2022-12-09T07:30:16","slug":"bentall-kennedy-buys-ma-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bentall-kennedy-buys-ma-office-asset\/","title":{"rendered":"Bentall Kennedy Buys MA Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004210170\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/150-Minuteman-Road-in-Andover-Mass..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004210170\" data-attachment-id=\"1004210170\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bentall-kennedy-buys-ma-office-asset\/150-minuteman-road-in-andover-mass\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/150-Minuteman-Road-in-Andover-Mass..jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"150 Minuteman Road in Andover, Mass.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;150 Minuteman Road, Andover, Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/150-Minuteman-Road-in-Andover-Mass..jpg?w=400\" class=\"wp-image-1004210170 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/150-Minuteman-Road-in-Andover-Mass..jpg\" alt=\"150 Minuteman Road, Andover, Mass.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/150-Minuteman-Road-in-Andover-Mass..jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/150-Minuteman-Road-in-Andover-Mass..jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004210170\" class=\"wp-caption-text\">150 Minuteman Road, Andover, Mass.<\/p><\/div>\n<p>Bentall Kennedy has acquired 150 Minuteman Road in Andover, Mass.\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/aew-buys-53m-ma-office-asset\/\">NKF Capital Markets<\/a> arranged the sale on behalf of one of its clients.\u00a0<\/p>\n<p>The 112,148-square-foot Class A office property\u00a0is fully leased to Smith &amp; Nephew, a global medical technology company, as the headquarters facility for its Advanced Surgical Devices division. The\u00a0building is one of seven comprising Minuteman Park, a master-planned suburban campus totaling\u00a01 million square feet.\u00a0The campus offers onsite amenities within its newly renovated amenity center, including:<\/p>\n<ul>\n<li>full-service cafeteria<\/li>\n<li>coffee bar<\/li>\n<li>state-of-the-art fitness center<\/li>\n<li>game room and lounge<\/li>\n<\/ul>\n<p>The NKF Capital Markets\u2019 team was led by U.S. Head of Capital Markets, President, New England Area Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen, Director James Tribble and Associate Director Samantha Hallowell. The Boston office oversaw the transaction in conjunction with Executive Managing Director Torin Taylor.<\/p>\n<p><em>\u201c150 Minuteman Road enjoys strong in-place income from Smith &amp; Nephew, which has made a clear commitment to the property with plans to undertake a transformative renovation of its space,\u201d<\/em> said Pullen, in a prepared statement. <em>\u201cThe asset also benefits from an exceptional location within Minuteman Park, which is an established headquarters location for a variety of medical device and technology manufacturers.\u201d<\/em><\/p>\n<p><em>Image courtesy of NKF Capital Markets<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NKF Capital Markets arranged the sale of the Class A property, one of seven buildings within Minuteman Park, a master-planned suburban campus totaling 1 million square feet. <\/p>\n","protected":false},"author":746,"featured_media":1004210170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21742,10,21747],"tags":[33217,36007],"class_list":["post-1004210164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-latest","category-northeast","category-office","tag-bentall-kennedy","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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