Calare Properties Acquires Industrial Asset From KAK Realty In Salem Massachusetts For $10.13M

The industrial property located at 1 Technology Way in Salem, MA, was sold for $10,125,000. The asset spans a total square footage of 84,814 and achieved a price per square foot of $119.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,125,000
• Buyer: Calare Properties
• Seller: KAK Realty
• Broker Representatives: Harrison Klein, Luigi Lessa & Mattias Edenkrans - Marcus & Millichap
• Date of Transaction: 02/03/2025

Harrison Klein, Luigi Lessa, and Mattias Edenkrans represented Marcus & Millichap in this transaction. They facilitated the deal between the buyer, Calare Properties, and the seller, KAK Realty.