January 30, 2020 Comments Off on Dräger Medical HQ in Andover Trades to CIM-Sponsored REIT Views: 326 Boston New England News, Top Boston

Dräger Medical HQ in Andover Trades to CIM-Sponsored REIT

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.”

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