NAI Mertz Completes Sale of 308 Connecticut Drive in Burlington Township, NJ
NAI Mertz, a leading full-service commercial real estate firm conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania, recently announced Senior Vice President Jonathan Klear, brokered the sale of 308 Connecticut Drive, a 46,000-square-foot warehouse in Burlington Township, New Jersey. Burton Real Estate acquired the property for an undisclosed price. The seller of the property, Merchant & Evans Industries, will remain as a tenant in the building for several years, taking advantage of its 21-foot clear height and its location alongside Interstate 295.
“I am pleased to have assisted Burton Real Estate in expanding its property holdings in this region,” stated Klear. “This transaction was a win-win for all parties involved—enabling the new owner to acquire a quality industrial building, and also allowing the tenant to remain in its location and continue its business operations without disruption,” he added.
The property features several loading docks and drive-in doors and is located within close proximity to Interstate 295 and Exit 5 of 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 conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania. 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, a top 5 commercial real estate brand, enables the firm to provide large-scale global real estate services. NAI Mertz has been recognized as Office of the Year for NAI Global selected from a pool of 400 NAI offices. NAI Global comprises more than 7,000 commercial real estate professionals and manages over 425 million square feet of space.
For more information on NAI Mertz, visit its website at www.naimertz.com, or 800.520.7139.