BOSTON— Newmark Knight Frank announced the completion of the $26 million sale of 6 Technology Drive in Andover, MA on behalf of Novaya Real Estate Ventures and Wheelock Street Capital.
Vice Chairman Edward Maher, Executive Managing Directors Matthew Pullen and James Tribble and Director Samantha Hallowell of NKF’s Boston Capital Markets team – which is led by Co-Head of U.S. Capital Markets Robert Griffin – oversaw the transaction of the flex/manufacturing building in conjunction with NKF Executive Managing Director Torin Taylor.
Totaling 128,400 square feet, 6 Technology Drive is fully leased to Dräger Medical Systems, a division of leading global medical and safety technology company Dräger, as its North American headquarters and one of its seven global development sites.
“6 Technology Drive 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.”
6 Technology Drive benefits from strategic positioning directly off Interstate 93, moments from Interstate 495 and five miles from the New Hampshire border in Boston’s northern suburbs. The property is located within Andover Tech Center, a three-building business complex, and surrounded by a wealth of leading technology, life science and medical device manufacturing firms.