Alexandria Real Estate Equities Acquires Property At 138 River Rd Andover For $151M

The property involved in this transaction is located at 138 River Rd, Andover, MA, 01810. Alexandria Real Estate Equities purchased this asset for a total price of $151,000,000. The transaction is part of a larger deal encompassing more than 1.3 million square feet of office, R&D, and laboratory space within the Minuteman Park corporate campus in Andover.

Summary of transaction details:

• Property Type: Office, R&D, Laboratory
• Transaction Amount: $151,000,000
• Address: 138 River Rd, Andover, MA, 01810
• Market: Andover
• Buyer: Alexandria Real Estate Equities
• Seller's Representatives: Matthew (Matt) Pullen, Edward Maher (Newmark)
• Related Transactions: Alexandria also acquired properties at 30, 100, and 200 Minuteman Road in this deal.

Newmark, represented by Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell, handled the representation of the sellers in this transaction. The deal included the right to develop a new biomanufacturing facility onsite, highlighting the strategic nature of the acquisition for Alexandria Real Estate Equities.