NAI Mertz’s Scott Mertz Completes Sale of 76-Acre Land Parcel in Logan Township, NJ
Buyer, J.G. Petrucci, Plans to Develop Site for Big Box Warehouse
NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently completed the sale of a 76-acre land parcel adjacent to the Pureland Industrial Complex in Logan Township, NJ. Scott Mertz, SIOR, president of NAI Mertz, represented the seller, Corporate Enterprises, Inc. The buyer, J.G. Petrucci Company., Inc., plans to construct a state-of-the-art industrial facility on the parcel.
The site is the location of the former Logan Township airport, and is minutes from two exits of I-295 and the Commodore Barry Bridge, providing access to the City Philadelphia, Philadelphia International Airport and I-95. The ability to connect to the region’s interstate highway network has long attracted distribution and manufacturing operations to Pureland and its immediate surroundings. Amazon and Home Depot are among the national retailers with operations in the park; and the ability to provide quick deliveries to a large population has also led to a concentration of food manufacturers and distributors to take space in the park.
“Southern New Jersey will always have a centralized location in the Northeast in its favor. The State has competitive incentive programs working to its advantage in attracting tenants as well,” said Jim Petrucci, President of J.G. Petrucci Company. Inc. “With high demand for Class A industrial space in this area, we are confident our facility will be leased prior to completion.”
“J.G. Petrucci Company, Inc. has been delivering top tier industrial facilities to New Jersey and Pennsylvania for 29 years,” said Scott Mertz. “Their profound understanding of these marketplaces, and their keen ability to design desirable products that provide excellent tenant experiences, will generate a healthy prospect pool and ultimately be a source of significant new jobs for the region,” he added.