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Brooks Properties Signs Lease with Standex in Salem, NH

Mon, Feb 10th, 2020

SALEM, NH - Brooks Properties of Salem, NH recently signed a lease with Standex Electronics Group (NYSE: SXI) to occupy the entire third floor and part of the second floor of 23 Keewaydin Drive in Salem, NH. The brand new Class A building, located just off Interstate 93 at Exit 2, features high-end finishes and state-of-the-art infrastructure. Standex will occupy 16,599 square feet of space.

Founded in 1955 by John Bolten and incorporated in 1975, Standex manufactures food service equipment, engravings, engineering technologies, electronics and hydraulics. Standex employs approximately 5,000 men and women throughout the U.S. and in several foreign countries including Australia, Brazil, Canada, China, Japan, Europe, Mexico, India, Turkey, South Africa, South Korea, Russia, Malaysia and Singapore.

As a long-time tenant with Brooks Properties, Standex's new Salem location will replace their existing Corporate Headquarters at Brooks Properties' 11 Keeywadin Drive building. This expansion is expected to bring new job opportunities to the Southern New Hampshire region.

"Brooks Properties excels at working with tenants to solve their short-term and long-term real estate needs both through times of downsizing and times of growth; as Standex is experiencing in this great economy," said Eric Brooks of Brooks Properties. "We appreciate the long-term relationship we've had with Standex and look forward to our future together."

Brooks Properties is one of the largest commercial, industrial, and development real estate service providers in the Merrimack Valley. The company completed a new four-story medical office building in Salem, NH last year with another three-story medical office building currently under construction. In 2019, they completed just under 60 deals with over 400,000 square feet of real estate transactions.

Brooks Properties is consistently working to attract established businesses to the I-93 corridor to drive job growth throughout Southern New Hampshire.

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ABOUT BROOKS PROPERTIES
With premier locations along Interstate 93 in southern New Hampshire and northern Massachusetts, Brooks Properties has attracted many successful companies to the area. Within their one million square feet portfolio, Brooks Properties has the ability and resources to meet the needs of small businesses as well as large. Brooks Properties is committed to developing properties that will enhance the communities within the Merrimack Valley and Southern New Hampshire by designing and constructing buildings for those seeking quality and convenience at a reasonable price.

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