Premier R&D Facility Sold in Andover, MA

April 14, 2025 - 17:18

Andover, MA – A significant transaction has taken place with the sale of 150 Minuteman Road, a top-tier Class A research and development property located in Andover, Massachusetts. This notable facility spans 112,148 square feet and has been recognized for its state-of-the-art design and strategic location.

The property was sold by BGO, which has been involved in various high-profile real estate transactions. The sale of this facility highlights the continuing demand for quality R&D spaces in the region, driven by the growth of technology and life sciences sectors.

Investors are increasingly focusing on properties that cater to these industries, reflecting broader trends in the commercial real estate market. The successful transaction is expected to enhance the local economy by attracting innovative companies looking for modern facilities equipped to support cutting-edge research and development activities.

This sale underscores the ongoing vitality of the real estate market in Andover and the surrounding areas, reinforcing the region's status as a hub for scientific and technological advancement.