Completed in 2002, the two-story building is leased to Medtronic, an Ireland-headquartered medical device company.
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A Boston-based investment firm has purchased a Boxborough property containing a 97,210-square-foot research-and-development building for $17.8 million.
An entity managed by Tritower Financial Group purchased the 8.28-acre site at 200 Beaver Brook Road in a deal finalized on Friday, according to Middlesex South Registry of Deeds records.
The site was sold by Campanelli of Braintree, which had partnered with Dallas-based TriGate Capital to purchase the site for $10.5 million in 2021, according to New England Real Estate Journal and registry records.
Completed in 2002, the two-story building is leased to Medtronic, an Ireland-headquartered medical device company. Medtronic moved its operations from Littleton to occupy the site.
The building is located in The Park at Beaver Brook, an office park located directly off Interstate 495, next to Boxborough’s municipal border with Harvard.
Tritower Financial Group is a private real estate investment firm, with a market cap of $1.25 billion and 60 buildings in its portfolio, according to the firm. Other properties in its portfolio include a 176,000-square-foot warehouse at 125 Goddard Memorial Drive in Worcester.
The Medtronic site received a 2026 tax assessment value of $11.19 million, according to Town of Boxborough property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries. 
