NAI Mertz completes 30,000 s/f lease, bringing Velocity’s Rockhill Industrial Park to full occupancy

Klear and Brennan broker leases for the last four remaining units in Cherry Hill, NJ

Cherry Hill, NJ — NAI Mertz, a leading full-service commercial real estate firm conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania, recently completed a total of approximately 30,000 s/f of leases at Rockhill Industrial Park in Cherry Hill. Listing agents Jonathan Klear, senior vice president, and Ryan Brennan, sales associate, completed leases recently for the last four remaining units to bring the 97,000 s/f, eight-building industrial park to 100% occupancy for ownership, Velocity Venture Partners.

Velocity revitalized the complex through a multi-million-dollar campaign to modernize its industrial functionality and deliver turn-key fit outs to new tenants. The site’s location directly on Rte. 70, just yards away from I-295 and the New Jersey Tpke., in conjunction with the renovation campaign, led to a swift lease up.

Velocity founding partner, Tony Grelli, shared “the small bay industrial market in our region is alive and well, and we are thrilled to welcome these new tenants to the Velocity family. Virtually no one is building new product for users in the five to fifty thousand square foot range, and we look forward to continuing to capitalize on this supply-demand imbalance to provide much needed offerings to today’s industrial tenants. Thank you to Jon and Ryan for the hard work in executing our vision at Rockhill.”

“Velocity’s construction and asset management teams gave us all the tools we needed to quickly lease this park to a mix of new users. A highlight to our success was a long-term deal with a signage manufacturer, who chose Rockhill Industrial Park as their east coast headquarters,” added NAI Mertz’s Jon Klear.