NAI Mertz inks sale of 156,281 s/f ind. building in Marlton
MARLTON, NJ — NAI Mertz, a full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently completed the sale of a 156,280 s/f multi-tenant, light industrial building located at 4 East Stow Rd. in Marlton, to Plymouth Industrial REIT, Inc., a Boston-based real estate investment corporation. Jonathan Klear, vice president of NAI Mertz, and Fred Meyer, SIOR, director of corporate services, negotiated the transaction.
4 East Stow Rd. is currently 97% leased, under long-term, triple net leases. Current tenants in the building include Cherry Hill Photo, RiverTech Solutions and MBO America. The building, situated on 14.54 acres, features 22’ ceiling heights, 22 tailgate loading doors and eight drive-in loading doors. The building is ideally located just off Rte. 73, within five minutes of I-295 and the New Jersey Turnpike.