An Andover property leased to a medical technology company was acquired by a Luxembourg-based real estate investor for $26.4 million.
Optimum Real Estate acquired the 150 Minuteman Road property, which totals 112,148 square feet and is fully leased to Smith + Nephew, on March 28.
The property previously traded for $32 million in 2018, when a Bentalll Kennedy client acquired the property.
Optimum Asset Management USA has offices at 280 Congress St. in Boston.
“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 cash flow in established markets,” Matthew Barry, CEO of Optimum Asset Management USA, said in a statement.
Newmark’s capital markets team represented the seller.






