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NORDBLOM ACQUIRES OFFICE BUILDING IN METRO BOSTON FOR $25.8M

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.

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