Redstone Acquires Industrial Property From Merchandise Central LLC In Dover For $5M

The sale-leaseback transaction involved a 44,232-square-foot industrial warehouse located at 111 Venture Drive in Dover, NH. The property was sold by Merchandise Central LLC to Redstone for $5,000,000, equating to a price per square foot of $113.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Address: 111 Venture Drive
• Market: Dover, NH
• Buyer: Redstone
• Seller: Merchandise Central LLC
• Brokers: Abigail Bachman & David Choate - Colliers International

Colliers International played a pivotal role as the brokerage firm representing both parties in this transaction. Abigail Bachman and David Choate from Colliers facilitated the sale-leaseback deal, ensuring a successful transaction at the industrial property in Dover, NH.