NAI Mertz’s Jonathan Klear and Fred Meyer Ink $2.6 M Industrial Building Sale in Vineland, 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, announced that Jonathan Klear, senior vice president, and Fred Meyer, SIOR, executive vice president, director of brokerage & corporate services, recently closed the sale of a 50,274-square-foot industrial building located at 1560 NW Boulevard in Vineland, NJ. The NAI Mertz team represented the seller, LS Capital, in this transaction.
“The culmination of the sale of this vacant industrial building, at an aggressive price, was an important real estate transaction for our client, which took over a year to complete” stated Klear. “We are glad to have worked with LS Capital to find the right buyer for this property,” he added.
Columbia Care offers cannabis-based health and wellness solutions for patients, and works to leverage data and research to fuel innovation and improve access to cannabis and plant-based solutions. The company has over 25 locations throughout the U.S and Puerto Rico. This is Columbia Care’s first location in the state of New Jersey, and represents one of six New Jersey cultivation licenses issued in 2018.
“New Jersey is moving to provide alternative healthcare for qualifying patients, and Columbia Care is a trusted and respected company in its industry,” added Meyer. “This property provides quality warehouse and office space, and a smart location, to support its business operations,” he added.
Situated on more than two acres, 1560 NW Boulevard features 47,525 square feet of warehouse space with two drive-in doors, four platform loading docks, 15' to 27' clear ceiling heights, and 32' x 19' column spacing. The 2,749-square-foot two-story office space includes seven private offices and four restrooms. The property is in close proximity to major highways including Routes 47 and 55, and is approximately 35 minutes to the Atlantic City Expressway.
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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 375 NAI offices. NAI Global comprises more than 6,000 commercial real estate professionals and manages over 1.15 billion square feet of space.
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