S hopping C enters N ew J ersey /P en sylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
Rod of Lee and Associates represented the landlord, Black Creek Group NAI Mertz’s Scott Mertz, SIOR, reps. DNA Motoring in lease of 300,700 s/f distribution Ctr.
Extension, which provides access to both the New Jersey and Pennsylvania Turnpikes. I-295 is also within two miles. “The Florence/Burlington area continues to be the epi- center of industrial develop- ment and leasing activity in southern New Jersey,” stated Mertz. “This transaction is typical of recent activity in the area with Class A buildings fully leasing prior to delivering to market,” he added. The site will serve as DNA Motoring’s northeast distri- bution hub. “We’ve been in expansion mode and outgrew our previous facility. The new Florence site possessed the perfect combination of interstate access and building amenities at a more favorable lease rate than can be found in the northern and central New Jersey markets,” said James Yeu of DNA Motoring. MAREJ the Raven Rock Mountain Complex, a deep underground relocation and communications facility for the Pentagon, open to the public for tours through a special program at Camp David. Wolf joined Kislak in 2017, following over a decade of suc- cess in the CRE industry fo- cused on multifamily and other investment sales transactions in central and eastern Pennsyl- vania. He is a Certified Com - mercial InvestmentMember (CCIM) and also holds a Penn- sylvania broker’s license. The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm con- sistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a per- sonalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. MAREJ
LORENCE , NJ — NAI Mertz , a leading full-service commercial
real estate firm conduct - ing business throughout the Uni ted States, and g l o b a l l y , from its re- gional offices in New Jer-
sey, greater Philadelphia and northeastern Pennsylvania, recently announced that presi- dent, Scott Mertz, SIOR , recently represented DNA HI-LIGHTS MARCH 19 - APRIL 15, 2021
839 Railroad Ave.
Motoring, one of the largest retailers and distributors in the automotive aftermarket industry, in its lease of 839 Railroad Ave., a 300,700 s/f industrial building currently under construction in Flor- ence, NJ. Tony Rod of Lee
and Associates represented the landlord, Black Creek Group . Black Creek Group is the developer of the class A indus- trial building that will feature 36-foot clear ceilings, along with ample loading and trailer
parking. DNA Motoring will occupy the entire facility upon its completion in the second quarter of this year. The pri- mary selling point of the prop- erty is its location. The site is less than a mile from Exit 6A of the New Jersey Turnpike
Wolf of Kislak sells Grandview Estates Portfolio in Waynesboro, PA for $13.25M
7-9B SPOTLIGHT NORTHERN NJ PENNSYLVANIA
WAYNESBORO, PA — The Kislak Company, Inc. announced the recent sale of
Gr andv i ew Es t a t e s , a 1 0 0 - u n i t t ownh o u s e commun i t y in Waynes- boro, Frank- l in County f o r $13 . 25 million.
MANDEL & SCHRENK LAUNCH FORGED REAL ESTATE
Kislak marketed the portfo- lio with vice president Matt Wolf handling the assign- ment. Wolf also procured the purchaser. He commented: “We procured a number of aggressive offers, which is a testament to the demand for residential units in tertiary markets such as Waynesboro. This was a great opportunity for the purchaser to acquire 100 units, which were all three-bedroom townhouses, in excellent condition with the potential to increase rents.” The community features 100 three-bedroom townhomes each with two and one-half
a cul-de-sac, the property is about six miles east of I-81 and 12 miles north of Hag- erstown, MD. Located in the Cumberland Valley between Hagerstown and Chambers- burg it is part of the Balti- more-Washington metropoli- tan area. Historic museums, arts centers, recreation area park and antique markets in Waynesboro are among the local attractions for residents and visitors alike. Two miles north of the Ma- son-Dixon line, the property is close to Camp David and
baths. Kitchens are fully equipped with modern appli- ances: dishwasher/disposal, microwave, natural gas range, and refrigerator. All apart- ments also feature central air conditioning; forced hot air heating system; washer/dryer hook-up and one car garage on the lower level. Other ameni- ties include abundant storage space; private balconies with large, composite decks; one car driveway parking; and pet-friendly options. Situated in a quiet, resi- dential location at the end of
www.marej.com 16B PEOPLE ON THE MOVE
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