NAI Mertz’s Lashner & Licht Complete Sale of Hatboro Warehouse in Hatboro, Pa.
—Expanding Moving & Storage Company Will Occupy
NAIMertz, a leading full-service commercial real estate fi rm serving southern New Jersey and greater Philadelphia, recently negotiated the sale of a 26,700-square-foot industrial building located at 250-252 Wood Street in Hatboro, Pennsylvania. Jeffrey Licht, SIOR, senior vice president, and Adam Lashner, SIOR, vice president, represented the seller, Reads Moving Systems, in the transaction.
The purchase represents an expansion for Mastrocco Moving & Storage from its current 40,000-square-foot facility at 1060 Louis Drive in Warminster, Pennsylvania.
“This building was the ideal warehouse facility for the company, which was seeking high bays, wide columns and central loading,” stated Lashner. “We are pleased to have represented the seller in this transaction, and to bring another quality company to Hatboro,” he added.
Zoned heavy industrial, 250-252 Wood Street is a 26,700-square-foot single-story warehouse located on 1.4 acres, just 3.4 miles from the Willow Grove interchange of the Pennsylvania Turnpike. The building features 22’-32’ ceiling heights, wide column spacing, four tailgates, one drive-in and a 3,000-square-foot office area.
# # #
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.