The sale involved the acquisition of two fully leased industrial properties situated at 111 Ledge Road, Seabrook, NH, and 111 Parker Street, Newburyport, MA. The total sale price was $14,550,000, and the combined square footage of the properties is 78,000, which translates to a price per square foot of $187. Munters Group occupies the 32,000 SF space at 111 Ledge Road, while Alfa Laval is located in the 46,000 SF space at 111 Parker Street.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,550,000
• Sale Date: 01/24/2025
• Location: Seabrook & Newburyport, NH
• Buyer: The RAM Companies
• Brokers: David Coffman & Michael (Mike) Restivo - JLL
• Total Square Footage: 78,000
• Price Per Square Foot: $187

Mark Campbell led the acquisition efforts for The RAM Companies, handling the negotiation and closing processes. The transaction was facilitated by JLL Boston brokers David Coffman and Michael Restivo, who represented the buyer during the deal.