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Stock Market & Financial Investment News

News Breaks
December 2, 2013
08:31 EDTCYNOCynosure announces sale of Burlington office building
Cynosure, announced that it has sold the former Palomar Medical Technologies headquarters, a 130,000-square-foot, three-story building at 15 Network Drive in Burlington, MA, to Network Drive Owner, LLC. After paying transactions costs, Cynosure expects proceeds of the sale to be approximately $25.1M. In connection with the transaction, Cynosure entered into a lease agreement with the buyer to occupy the building on a rent-free basis until June 30, 2014. Cynosure acquired Palomar for approximately $287M in June.
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