NAI Mertz President Books $60M in 1Q2018 Sale and Lease Transactions
“The industrial market across southern and central New Jersey is showing no sign of slowing down,” says Scott Mertz, president of NAI Mertz.
MOUNT LAUREL, NJ—NAI Mertz president Scott Mertz, SIOR, completed more than $60 million in first quarter industrial sale and lease transactions totaling in excess of 1.325 million square feet throughout southern and central New Jersey.
“The industrial market across southern and central New Jersey is showing no sign of slowing down,” says Mertz. “These transactions represent the continued strength of this sector and the desire of buyers and tenants to be well-positioned in locations that are in close proximity to both Philadelphia and New York City. I am pleased to have completed these deals on behalf of my clients.”
The sales completed by Mertz include:
- A three-building industrial portfolio totaling 192,382 square feet in Swedesboro. The new ownership also retained Mertz to serve as the exclusive leasing agent for the properties, which are 58-percent leased.
- 1960-1970 Old Cuthbert Road, a 90,000-square-foot industrial building in Cherry Hill. Mertz was the sole broker in this transaction.
- 281 Benigno Boulevard, a 74,000-square-foot industrial building located within Interstate Business Park in Bellmawr. Mertz was the sole broker in this deal.
The leases inked by Mertz include:
- 1005 Middlesex Avenue in Port Reading, NJ. The 230,100-square-foot building was leased to Western Post, whom Mertz represented in the transaction.
- A 121,500-square-foot lease to Go-Plus at 8-1 Corn Road in Dayton, NJ. Mertz represented the tenant in this transaction.
- A103,890-square-foot lease at 80 Stults Road in South Brunswick, to Acme Furniture. Mertz was the sole broker in this transaction.
Scott Mertz was also recently recognized by NAI Global, one of the world’s most respected commercial real estate brands, as the network’s Top Producer for 2017.