NAI Mertz of PA Named Exclusive Agent for Sale of 191 Acre Development Site in Butler Township, PA
HAZLETON, PA (OCTOBER 28, 2014)—NAI Mertz of PA, a leading full-service commercial real estate firm serving northeastern Pennsylvania, announced it has been appointed exclusive sales agent for a 191± acre mixed-use development site in Butler Township, Pennsylvania. David Weaver and Stephen Cole, sales associates, NAI Mertz of PA, are representing the owner, Woodmont Properties, in this assignment.
“The current plans for this site call for 480 apartment units, 284 townhomes, 72 single-family homes and over 184,000 square feet of commercial and retail space,” said Weaver. “This is an exiting opportunity for a developer looking for a prime location in the Butler Township marketplace and a profitable development property for years to come,” added Cole.
Centrally located along Route 309 and Interstate 80 just outside of Hazleton, PA, the development site consists of seven land parcels totaling 191± acres including 169± acres zoned for both single and multifamily residential and 22± acres zoned for commercial and retail space.
Currently, planned developments for the site include a combined medical and surgical center with a possible component for independent living, assisted living and/or senior housing. Other approved commercial uses include professional medical offices, facilities for large medical users, rehab facilities, retail centers and pad sites with drive-thru opportunities, educational and daycare facilities and a myriad of other commercial uses.
Hazleton and the surrounding areas are currently experiencing increased population and job growth, and also offer the peacefulness of the rural suburbs. In addition, this site offers convenience to major roadways, restaurants, banking facilities and cultural events that are found in the city of Hazleton and nearby Wilkes-Barre.
“A recent consumer study also ranked nearby Mountain Top as the best place for home ownership in Pennsylvania. The population growth and affordable home prices in this nearby town will surely increase the popularity and benefits of this Butler development site,” Cole added.
Proposed and approved site plans are available upon request.
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About NAI Mertz of PA
NAI Mertz of PA is a full-service commercial real estate firm and the NAI Global representative for the Scranton/Wilkes-Barre, PA area and Northeastern Pennsylvania. Collectively, the senior management team has over 50 years of "combined" highly successful commercial brokerage and consulting experience. The brokerage firm is committed to serving the diverse needs of its clients, be it industrial, office, investment or retail. As one of the area's largest firms, NAI Mertz of PA has a strong track record of successful sale and lease transactions.
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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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