SALEM, NH —JLL Capital Markets has announced the $7.75 million sale of a three-building industrial portfolio totaling 55,000 square feet in Salem, New Hampshire. The properties, located at 1 & 13-15 Delaware Drive and 40 Lowell Road, were sold to JBCM, LLC.
The portfolio consists of shallow-bay industrial buildings featuring 17- to 20-foot clear heights, a mix of tailboard and drive-in loading docks, and approximately 15% office space in each building. All three buildings are fully leased to a diverse group of tenants, including Marquis Management, New England Finish Systems, Foundation Building Materials, and Select Demo Services.
JLL represented the undisclosed seller in the transaction. The firm’s Investment Sales and Advisory team was led by Director Tommy Hovey, Managing Director Michael Restivo, and Director David Coffman.
“Southern New Hampshire continues to be a growing focus for value-add industrial investors,” said Hovey. “Drafting off the dynamic northern submarket of Boston, investors are attracted to a variety of factors, including tenant demand, rent growth, and accessibility. We are honored to have assisted the seller in this transaction and are excited to see what the future holds for these assets and this submarket.”
Strategically located in Rockingham County, the properties offer convenient access to Interstate 93, positioning them well for regional logistics and benefiting from the tax advantages of doing business in New Hampshire. Their proximity to the Massachusetts border also offers appeal to tenants and investors looking to serve the Boston metro area’s northern corridor.
The deal adds to JLL’s continued activity in the Salem industrial market, following the firm’s recent sale of a 110,000-square-foot warehouse at 14 Garabedian Drive to Calare Properties.
