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NAI Mertz’s Jonathan Klear completes sale of 84,400 s/f industrial building in Philadelphia



PHILADELPHIA, PA — NAI Mertz, one of the leading full-service commercial real estate firms conducting business throughout the United States announced that Jonathan Klear, senior vice president, recently completed the sale of 3601 Island Ave. in Philadelphia. Klear represented the buyer, Ocean Kingdom, Inc. in the purchase of this 84,400 s/f industry facility. “The industrial market in Philadelphia, and the surrounding region, is very strong and buyers are extremely attracted to acquiring quality facilities with excellent access to the highways like this building on Island Ave., which is located just off I-95,” said Klear. Ocean Kingdom, Inc. will utilize a portion of the building for its own purposes and will also serve as landlord of the property to two existing tenants.

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