Marcus & Millichap closed today the sale of an 84,814-square-foot flex/industrial property at 1 Technology Way in Salem, MA for $10,125,000. The transaction was a sale-leaseback. 

“This transaction allowed the seller to secure long-term occupancy of the building for the operating company with shared ownership while delivering real estate ownership to one of New England’s most respected industrial landlords,” said Harrison Klein, first VP. “The buyer will immediately look to lease the remaining 22,000 square feet, which was vacant at the time of sale.” 

Klein, Luigi Lessa and Mattias Edenkrans, investment specialists in Marcus & Millichap’s Boston office, represented the seller and procured the buyer, Calare Properties.   

The flex/industrial building sits on approximately four acres. A majority of the property is occupied by a sophisticated manufacturing user who will continue operating out of the building on a long-term lease agreement.  

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!