JLL Capital Markets has arranged the sale of 13 Page Rd., a fully leased Class A industrial facility in Londonderry, NH, for $16.6 million. The 75,480-square-foot property was sold by an affiliate of Rhino Capital Advisors and acquired by Vigilant Holdings, marking a sizable industrial trade in Southern New Hampshire.
The JLL Investment Sales and Advisory team represented the seller in the transaction. The team was led by managing director Michael Restivo, senior director David Coffman, director Tommy Hovey and associate Ali Howard, with vice chairman Christopher Lawrence also playing a key role. Their mandate focused on marketing the institutional-quality asset and executing the disposition on behalf of the Rhino Capital Advisors affiliate.
On the financing side, JLL’s Debt Advisory team arranged acquisition financing for Vigilant Holdings. The debt team was led by managing director Amy Lousararian and associate Michael Schwarze. Working on behalf of the buyer, they secured an $11.45 million, five-year, fixed-rate acquisition loan through Bar Harbor Bank & Trust, providing balance-sheet financing to support the purchase of the fully leased industrial building.
The property at 13 Page Rd. was completed in 2025 and is described as a Class A industrial facility. It is located in Southern New Hampshire and is less than 10 minutes from both Interstate 93 and Interstate 293, offering convenient regional highway access. The site also sits approximately 3.6 miles from Manchester-Boston Regional Airport, positioning the asset to serve users with airport and logistics needs as well as broader distribution requirements across the region.
Commenting on broader market dynamics, Restivo noted that JLL is observing a narrowing of the pricing differential between Southern New Hampshire and more traditional gateway markets. He attributed this shift to institutional capital increasingly recognizing the value proposition of the Southern New Hampshire submarket. The transaction at 13 Page Rd. reflects both continued investor appetite for fully leased Class A industrial assets and the availability of bank financing for well-located, stabilized properties.
The combination of a recent-vintage building, full occupancy, and strong transportation connectivity underscores why the asset drew institutional interest. With JLL coordinating both the sale and the acquisition financing, the deal highlights the interplay between investment sales and debt advisory services in bringing industrial trades to completion in this corner of the New England industrial market.
