NAI Mertz Brokers 86,000 SF of Delaware Valley Industrial Transactions

Adam Lashner, SIOR, vice president (left) and Jeffrey Licht, SIOR, senior vice president, NAI Mertz

SOUTHAMPTON, PA—NAI Mertz has brokered more than 85,600 square feet of industrial and flex space transactions throughout Bucks County and the greater Philadelphia region.

The brokerage team of Jeffrey Licht, SIOR, senior vice president, and Adam Lashner, SIOR, vice president, were responsible for closing the following sales and leases:

• Pottstown Industrial Complex leased 21,200 square feet at 191 S. Keim Street in Pottstown, PA. Mageba USA, the lessor, previously shared this space with another company.
• Triple A Paper Company leased 16,000 square feet from Dunksferry Associates at 3161 State Road, Unit B in Bensalem, PA. The company supplies various paper products to retailers.
• Invest 360 leased 15,000 square feet of flex space from Active Realty Associates at 95 James Way in Southampton, PA. The company is expanding its space from 5,000 square feet.
• A 12,000-square-foot sale at 1430 County Line Road, Montgomery, PA. from BF Services to M&B Associates. M&B Associates is expanding its garment warehouse and distribution operation at this location.
• Ameritech Network Services Corp. leased 9,000 square feet at 770 Haunted Lane in Bensalem, PA. from Michener LD. The wireless network solutions company is relocating from Hatboro, PA.
• Chris’ Transmissions leased 8,400 square feet from 5025 Cottman Acquisitions Associates at 7346 Wissinoming Street in Philadelphia, PA. The auto repair business is expanding from its previous location.
• Made Right Precision Manufacturing leased 4,000 square feet from Alan Breece at 201 Lower Morrisville Road in Fallsington, PA. The machine parts manufacturer is expanding from its previous location in New Jersey.

“These transactions are a testament to the frenzied activity in commercial real estate throughout our greater Philadelphia region.  Hopefully the pace continues through the year,” says Licht.