Optimum Acquires Leading Massachusetts Medical R&D Facility
Deal News | Apr 16, 2025 | Optimum Asset Management Luxem
Optimum Asset Management, a prominent specialist in real estate investment management, has purchased 150 Minuteman Road, a premium Class A research and development facility situated in Andover, Massachusetts. Fully leased to Smith+Nephew, a global medical technology company, this acquisition is positioned within Minuteman Park, a significant R&D campus in suburban Boston's tech and life sciences corridor. This strategic acquisition aligns with Optimum's long-term focus on the R&D real estate sector, emphasizing durable income streams and high tenant retention linked to its location near research hospitals and academic institutions. The transaction was facilitated with help from Newmark, BGO, Cornerstone Bank, and Cedar Peak Capital.
Sectors
- Real Estate
- Medical Technology
- Life Sciences
Geography
- United States – The facility in question is located in Andover, Massachusetts, and represents Optimum's investment in the US market.
- Massachusetts – The facility is situated in Andover, Massachusetts, a critical region for R&D and life sciences developments.
Industry
- Real Estate – The article discusses the acquisition of a commercial property, highlighting Optimum's specialization in real estate investment management.
- Medical Technology – The facility is fully leased to Smith+Nephew, a global player in the medical technology industry, indicating a cross-industry relevance.
- Life Sciences – The location of the facility in a life sciences cluster underscores the sector's influence on real estate investment decisions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Optimum Asset Management | Buyer | Company | A specialist in real estate investment management focusing on R&D facilities. |
| Smith+Nephew | Tenant | Company | A global medical technology company occupying the acquired facility. |
| Newmark | Commercial Real Estate Services | Company | Facilitated the transaction as a commercial real estate services firm. |
| BGO | Involved in Transaction | Company | Company involved in the transaction, though specific role not detailed. |
| Cornerstone Bank | Lender | Company | Provided financial backing as a trusted lender in the transaction. |
| Cedar Peak Capital | Involved in Transaction | Company | Company involved in the transaction, though specific role not detailed. |