Michael F. Mahoney Acquires Office Facility At 1 Boston Scientific Way In Maple Grove For $188.8M

Boston Scientific acquired a new facility located at 1 Boston Scientific Way in Maple Grove, MN, for a total price of $188,800,000. The property encompasses 400,000 square feet, which translates to a price per square foot of $472. The transaction is notable as one of the largest commercial real estate deals in Minnesota this year.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $188,800,000
• Buyer: Michael F. Mahoney - Boston Scientific
• Seller: Brian Murray - Ryan Companies US Inc.
• Asset Size: 400,000 SF
• Price per Square Foot: $472

The deal involved Michael F. Mahoney representing Boston Scientific as the buyer, while Brian Murray represented Ryan Companies US Inc. as the seller. This transaction marked the transition of the property from a tenant position to ownership by Boston Scientific.