Industrial buildings in Salem, NH change hands for $7.75M

BOSTON, Oct. 21, 2025 –  JLL Capital Markets announced today the $7.75 million sale of three industrial buildings totaling 55,000 square feet at 1 & 13-15 Delaware Drive and 40 Lowell Road in Salem, New Hampshire.

JLL represented the seller in the sale to JBCM, LLC.

The transaction includes three shallow-bay industrial buildings with 17–20-foot clear heights, tailboard and drive-in loading, and approximately 15% office space in each building. The properties are fully leased to a variety of tenants, including Marquis Management, New England Finish Systems, Foundation Building Materials and Select Demo Services.

Salem, located in Rockingham County along the Massachusetts border, offers strategic access to Boston's northern suburbs while providing the tax advantages of New Hampshire. The property benefits from its location near Interstate 93, providing convenient regional access throughout New England.

The JLL Capital Markets 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.”

This transaction builds on JLL's recent activity in the Salem market, following the team's earlier sale of a 110,000-square-foot warehouse at 14 Garabedian Drive to Calare Properties.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.