Media and Awards

Optimum Asset Management (“Optimum”), a leading specialist in real estate investment management with a dedicated US R&D real estate platform, has acquired 150 Minuteman Road, a flagship Class A research and development (R&D) facility in Andover, Massachusetts.

The 112,148-square-foot property is fully leased to Smith+Nephew, a global medical technology company that has occupied the site since its construction in 2002. Located within Minuteman Park, a one-million-square-foot master-planned R&D campus, the facility sits at the heart of one of suburban Boston’s most densely populated technology, medical device manufacturing and life sciences clusters. The area is characterised by major corporate headquarters, mission-critical facilities and institutional-grade infrastructure with seamless connectivity across Greater Boston and Southern New Hampshire.

This acquisition demonstrates Optimum’s conviction in the long-term fundamentals of the R&D real estate market, where tenant demand is shaped by proximity to research hospitals, academic institutions, capital markets, and specialised talent pools. Cluster effects foster high tenant retention and reinvestment in physical space, reducing the impact of remote work trends.

Matthew Barry, CEO of Optimum Asset Management USA, said: “We are excited to add 150 Minuteman Road to Optimum’s greater Boston portfolio in alignment with our strategy of acquiring best-in-class R&D facilities with durable in-place cashflow. This acquisition reflects our confidence and our long-term conviction in R&D real estate as a resilient, income-driven asset class. Backed by our vertically integrated platform and sector expertise, we remain committed to creating long-term value through the acquisition of mission-critical assets in key innovation hubs.”

“We are thrilled to announce the acquisition of 150 Minuteman, and we extend our sincere thanks to Newmark, BGO, Cornerstone Bank, Cedar Peak Capital, and all parties involved who helped with the seamless execution of this transaction,” said Ryan Blackmon, Executive Director at Optimum Asset Management USA. “As always, the Newmark team was a pleasure to work with, and we look forward to building a long-term relationship with a trusted lender in Cornerstone Bank.”