R.J. Kelly Acquires $39.7M Sale-Leaseback Industrial Property In Londonderry, NH

Newmark has facilitated the $39.7 million sale-leaseback of 12 Innovation Way, a manufacturing/R&D facility located near the Manchester-Boston Regional Airport in Londonderry, New Hampshire. The property spans an undisclosed square footage and is characterized as an industrial asset. The transaction took place on January 24, 2024.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $39,700,000
• Address: 12 Innovation Way, Londonderry, NH
• Market: Londonderry, NH

The buyer, R.J. Kelly, purchased the property from EFI through the assistance of brokers Brian Pinch, Edward Maher, Jim Tribble, Matthew Pullen, Rich Ruggiero, Robert Griffin, William Sleeper, and Samantha Hallowell from Newmark. The deal was a sale-leaseback, allowing EFI to sell the property and lease it back from the new owner.