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ProDev, Inc., purchases 21,000 SF industrial building at Salisbury Industrial Park |
Triglione of Kane Company sells 21,000 SF Building to ProDev, Inc., pushing total sales at Salisbury Industrial Park over 101,000 SF.
Salisbury, MA – February 19, 2009 -Anthony Triglione, Broker, with The Kane Company, Inc. has recently completed the sale of 5 Fanaras Drive in Salisbury Massachusetts to ProDev. This sale represents the final property disposition for Salisbury Industrial Park, LLC, where Triglione has sold 3 buildings over the last 2 years totaling 81,000 SF.
ProDev, Inc., previously headquartered in Seabrook, NH, had outgrown their facility. They had been looking for the perfect facility for several years and had made several unsuccessful bid attempts for other properties. After engaging The Kane Company as their Exclusive Buyer Representative, Triglione negotiated a deal with Salisbury Industrial Park, LLC in an off-market transaction.
According to Stan Kench, Vice President and General Manager of ProDev, Inc., “we were attracted to this location in the Salisbury Industrial Park because of the low property tax rates and the great highway access for our employees who commute from Southern New Hampshire and North Shore Massachusetts”.
Financing was arranged by Eastern Bank and the Small Business Administration.
This transaction brings the total square footage of property successfully leased or sold by Triglione and The Kane Company in the Salisbury Industrial Park to 101,000 sf.
Founded in 1981, The Kane Company is the leading commercial and industrial real estate services company in New Hampshire, southern Maine and northern Massachusetts. Offering brokerage, development, real estate development, property management and consulting services, The Kane Company stands apart with a reputation of providing the highest quality real estate expertise to its clients. Its market knowledge, value-added capabilities and unmatched transaction history have helped make it the leader in the commercial real estate field.
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