NAI Mertz Completes Sale of 156,281-SF Industrial Building in Marlton, NJ to Boston-Based Investors
MOUNT LAUREL, N.J. (March 23, 2015) – NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently completed the sale of a 156,280-square-foot multi-tenant, light industrial building located at 4 East Stow Road in Marlton, New Jersey, to Plymouth Industrial REIT, Inc., a Boston-based real estate investment corporation. Jonathan Klear, vice president of NAI Mertz, and Fred Meyer, SIOR, director of corporate services, negotiated the transaction.
4 East Stow Road is currently 97 percent leased, under long-term, triple net leases. Current tenants in the building include Cherry Hill Photo, RiverTech Solutions and MBO America. The building, situated on 14.54 acres, features 22’ ceiling heights, 22 tailgate loading doors and eight drive-in loading doors. The building is ideally located just off Route 73, within five minutes of Interstate 295 and the New Jersey Turnpike.
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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.