Northeast

BURLINGTON, MASS. — Nordblom Co. has acquired the former Palomar Medical Technologies world headquarters at 15 Network Drive in Burlington, a northwest suburb of Boston. Nordblom, in conjunction with its partner, Network Drive Owner LLC, purchased the 130,000-square-foot building for $25.8 million from Cynosure Inc. The acquisition of 15 Network Drive brings the entire 158-acre campus of Network Drive at Northwest Park under single ownership. Cynosure, a manufacturer of cosmetic, aesthetic and medical lasers, will continue to lease the building through June 2014. Matt Pullen, executive director, Rob Griffin, president, Mike Frisoli, executive vice president, and Ed Maher, vice chairman at Cushman & Wakefield, represented the seller in the transaction.

CAMBRIDGE, MASS. — Skanska USA has sold 150 Second Street, a 123,000-square-foot office and lab building in Cambridge, to Alexandria Real Estate Equities Inc. for $94.5 million. The three-story, Class A building is located in Kendall Square and features large windows and open floor plans. The building was 85 percent leased at the time of sale. Foundation Medicine Inc., a molecular information company that helps doctors identify targeted cancer treatments for patients, currently occupies 61,591 square feet. Bluebird Bio, a biotechnology company focused on helping patients with severe genetic and orphan diseases using gene therapy, will occupy 43,586 square feet beginning in January 2014.

KEASBEY, N.J. — Mainetti, a manufacturer and distributor of garment hangers, has relocated its U.S. headquarters to 110,000 square feet at 300 Mac Lane in Keasbey, about 16 miles south of Newark. The company is relocating from a smaller facility in Secaucus. Andrew Stypa and Daniel Badenhausen of Cushman & Wakefield brokered the transaction. Federal Business Centers owns the warehouse and distribution building.