Bucks County, PA — NAI Mertz, a full-service commercial real estate firm recently completed the following transactions in Bucks County:
Joe Sternberg, senior associate, completed the lease of A 10,800 s/f warehouse at 1230 E. Circle Dr. in Oaks. on behalf of the tenant, East Coast Volleyball. The company provides volleyball equipment and organizes volleyball tournaments throughout the country.
“East Coast Volleyball is realizing significant growth and as a result required more space. This is the second lease that I have represented the company in securing. I look forward to continuing our long-term relationship,” stated Sternberg.
“Joe assisted us in locating this warehouse and negotiating a favorable lease. He was very diligent in making sure the search and completion of the lease agreement happened in an efficient and professional manner,” said Tim Kilian, East Coast Volleyball, Event Coordinator.
The Licht Team of Jeff and Jared Licht has sold 210 Andrews Rd. in Trevose. The Lichts’ represented the seller, 210 LLC, in the investment sale and 1031 replacement to the Jane K. Betz, Trustee of Jane Betz Living Trust. Jeff Licht previously represented 210 LLC in the lease of 210 Andrews to Fraser Optics. This purchase represented an investment opportunity. The sale price was not disclosed.
210 Andrews is a class A one- and two-story modern headquarter facility currently home to Fraser Optics, which utilizes the space for the manufacturing and design of binoculars and associated equipment. The building totals 25,080 s/f with an additional 8,040 s/f interior garage on a 1.32-acre parcel. The space features beautiful second floor office areas totaling 8,000 s/f for senior management, staff and engineering teams. The remainder of the building features heavy power, 100% climate control, one tailgate, two drive-in doors and is 100% sprinklered via a wet system.
“210 Andrews is one of the nicest buildings I have ever represented,” said Jeff Licht. “From its brick exterior to countless interior upgrades to a conditioned under building parking garage, this building projects a great image for any owner and/or user. I have been very fortunate to both lease and sell it over the last 7+ years.”
The sale of 210 Andrews marks the second sale of a building within this same industrial park for Jeff and Jared having also sold 515 Andrews Rd. last year.