NAI Mertz Announces Exclusive Assignment for 10 Acre Development Site in Camden, NJ
—Approved for Mixed-Use Development, Site Offers Unparalleled Incentives—
MOUNT LAUREL, NJ (OCTOBER 7, 2014)—NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, has been awarded an exclusive sale/lease assignment for a 10-acre land parcel along Haddon Avenue in Camden, N.J. Representing the ownership, Grapevine Development, is the NAI Mertz team of Rebecca Ting, SIOR, vice president; Fred Meyer, SIOR, director of corporate services; and Julie Kronfeld, sales associate.
“We are excited to be marketing this exclusive land parcel in Camden,” stated Ting. “Because this site is recognized under the Grow New Jersey Assistance Program, this site is an ideal opportunity for business looking to take advantage of aggressive incentives and tax credits, and to become a part of the burgeoning Camden marketplace,” she added.
The Haddon Avenue site is recognized underthe Grow New Jersey Assistance Program, which is part of the New Jersey Economic Opportunity Act of 2013. This program is offering potential buyers and lessees aggressive incentives and tax credits to encourage job creation and retention, making new development and corporate relocation extremely advantageous. Since the Haddon Avenue site is located in both a distressed municipality and an Urban Transit Hub, the incentives are even more generous. Companies looking to take advantage of an unparalleled incentive package can choose to build and/or relocate here and receive an estimated $15,000 tax credit, per employee, for 10 years.
Approved for mixed-use development, including office, residential and retail uses, this site is located directly across from the Ferry Avenue PATCO high-speed line station, as well as Our Lady of Lourdes Medical Center. Situated along Haddon Avenue on the border of Camden and Collingswood, the site offers easy access to Philadelphia via public transportation, via PATCO and a nearby NJ Transit bus station. It also offers potential tenants and residents many retail, banking and restaurants found in trendy Haddonfield and Collingswood, which are just minutes from the site. Proposed site plans and renderings are available upon request.
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About NAI Mertz
Founded in 1980, NAI Mertz is a leading full-service commercial real estate firm serving the southern New Jersey and greater Philadelphia areas. With offices in Mt. Laurel, NJ; Bucks County, PA; and NAI Mertz of PA in Wilkes-Barre, PA, the company provides expert services in brokerage, leasing, sales, investments, property management, site selection and construction management in the industrial, office and retail sectors. NAI Mertz’s clients include Fortune 500 companies, financial institutions, private investors, large public corporations and small businesses. Its partnership with NAI Global, one of the largest managed networks of commercial real estate service providers comprising 6,700 professionals in more than 375 offices in over 55 countries, enables the firm to provide large-scale global real estate services with a unique local expertise.
For more information on NAI Mertz, visit its web site at www.naimertz.com, or contact its Mt. Laurel, NJ, headquarters at 856.234.9600, or NAI Mertz of PA at 570.820.7700.
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