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  • Colliers sells 111 Venture Drive in Dover, NH for $5 million

    Colliers, a global leader in commercial real estate services, is pleased to announce the recent sale-leaseback of 111 Venture Drive in Dover, NH, a 44,232 SF manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5,000,000 according to the Strafford County Registry of Deeds.

    David Choate and Abby Bachman of Colliers in Portsmouth represented the Seller, Merchandise Central, LLC, and procured the Buyer, 111 Venture Drive, LLC, sponsored by Redstone of Burlington, VT, in the transaction.
    In a strategic financial move, ForwardMerch divested the property while securing a leaseback arrangement for a duration of seven years on a triple net basis.

    Despite prevailing high interest rates, the investment opportunity garnered significant attention from multiple prospective buyers, underscored by the presence of a very successful local tenant.

    This acquisition marks Redstone's second venture in New Hampshire, further solidifying its footprint in the Seacoast’s dynamic real estate landscape.

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