NAI Mertz’s Scott Mertz and Jonathan Klear completes sale of 112,000 s/f industrial building
Mt. Laurel, 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, announced that Scott Mertz, SIOR, president, and Jonathan Klear, senior vice president, recently completed the sale of 103 Central Ave., a 112,000 s/f industrial building in Mt. Laurel, New Jersey. The team represented the buyer, STAG Industrial Holdings, LLC, and seller CoreOne Industrial LLC, in this transaction.
"It was an honor to represent CoreOne on this property, as we have represented them in the past to help grow their market share,” said Klear. “We also have served as long-time exclusive leasing agents of this property, so it was nice to see this asset trade at nearly full occupancy,” he added.
In May of this year, the NAI Mertz team successfully leased a 26,740 s/f unit at the building to a local food packaging company. One 16,000 s/f fully air-conditioned unit remains available for lease.
Located just off Exit 36 of I-295, 103 Central Avenue is in close proximity to Rtes. 38 and 73, the New Jersey Turnpike, and is a 15-minute drive to the Port of Philadelphia. The building offers 17-foot clear ceiling heights, a wet sprinkler system and a fenced lot.