January 30, 2020
NKF completed the $26-million sale of 6 Technology Dr. in Andover, MA on behalf of sellers Novaya Real Estate Ventures and Wheelock Street Capital. The buyer of the flex/manufacturing facility, which serves as the North American headquarters of Dräger Medical Systems, wasn’t disclosed. Separately, CIM Group said its CCIT II non-listed REIT had acquired the property in Boston’s northern suburbs.
An NKF team of Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell oversaw the transaction.
Totaling 128,400 square feet, 6 Technology Dr. is fully leased to Dräger Medical Systems, a division of global medical and safety technology company Dräger.
“6 Technology Dr. has served as a mission-critical facility for Dräger Medical Systems for nearly 15 years,” said Pullen. “The tenant is currently undertaking a full modernization of the property including office, common area, amenity, exterior/entryway and base building upgrades.”
For comments, questions or concerns, please contact Paul Bubny