Nordblom Co. announced it has purchased the former Palomar Medical Technologies world headquarters at 15 Network Drive in Burlington for $25.8 million.
Nordblom, in conjunction with partner Network Drive Owner LLC, purchased the 130,000-square-foot building from medical device maker Cynosure Inc., which recently acquired Palomar.
The Cushman & Wakefield team led by Executive Director Matt Pullen, President Rob Griffin, Executive Vice President Mike Frisoli and Vice Chairman Ed Maher represented the seller.
Cynosure will continue to lease the building through June 2014. The acquisition of 15 Network Drive brings the entire 158-acre campus of Network Drive at Northwest Park under single ownership.
"This acquisition allows us to re-assemble this entire office campus," Ogden Hunnewell, executive vice president and partner of Nordblom, said in a statement. "Furthermore, the rest of the park is fully leased so we will now be able to offer additional first-class office/life sciences space in this lovely headquarters building."
Network Drive at Northwest Park is a 936,000-square-foot office campus located near the intersection of Routes 128 and 3.





