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18A— February 24 - March 9, 2017 — Commercial Office Properties — M id A tlantic
Real Estate Journal
NAI M ertz
Team of Weaver, Cole, Matus, and Meyer conclude deals NAI Mertz of PA inks over one million s/f in commercial sale and lease transactions in 2016 W ilkes-Barre, Pa — NAI Mertz of PA, a leading full-service
commercial real estate firm serv- ing northeastern Pennsylvania, ended 2016 completing over 1,000,000 s/f in industrial, office and retail sale and lease trans- actions. The NAI Mertz of PA sales team of Dave Weaver, vice president; Steve Cole, sales as- sociate; and Fred Meyer, SIOR, director of corporate services were responsible for completing these deals. Meyer is a leading initiator of in-network deals for NAI Global, regularly finishing in the network’s top 5 producers of multi-market transactions.
A 116,400s/f industrial building in Humboldt Industrial Park in Hazelton
Weaver and Cole completed two of the top five recorded transactions — in square foot- age and sales price — in 2016 in northeast PA. These deals included the sale of a 121,600 s/f former Wal-Mart, in Pittston. Mericle Commercial Real Estate
purchased the vacant property and is redeveloping the site into a multi-tenanted office and medical complex. The second transaction was the sale of a 116,400 s/f industrial building in Humboldt Industrial Park in Hazleton. Notable lease transactions closed by the team in 2016 include: • A 200,000 s/f lease to be used as a distribution center in Humboldt Industrial Park in Hazleton; • A 155,000 s/f lease to be used as a distribution center in Hanover Crossings in Hanover Twp.; • A 100,000 s/f lease of a manufacturing building in Val- ley Distributing’s rail served industrial park in Laflin; • A 77,000 s/f industrial warehouse lease in Kingston. In 2016, NAI Mertz of PA also welcomed two new sales associates, Bryan Eckert and Chris Matus, to its team. “I am pleased to welcome Bryan and Chris to NAI Mertz of PA,” said Barry Mertz, president. “Both gentlemen have great business and leadership experience and strong knowledge of the mar- ket. They will be tremendous assets to our clients that are looking to locate or grow within northeastern PA,” he added. “We are pleased to have successfully represented our clients in 2016 and to have completed some of the largest transactions in northeastern PA,” saidWeaver. “This activity reflects the growing interest in the I-81 Corridor for industrial users due to the saturation in primary distribution markets in the Northeast,” he added. “Companies coming to Scran- ton, Wilkes-Barre, and Hazle- ton are also benefiting from lower lease rates, a strong labor pool and excellent proximity to many highways including I-80, I-81 and the PA Tpke.,” added Cole. “With these positives, a growing sales force in our Wilkes-Barre office, and several deals already in the pipeline, we are on target to surpass over one million s/f of transactions again this year,” he concluded. n
Shown from left: The NAI Mertz team includes Dave Weaver, vice president; and sales associates Steve Cole; Chris Matus; and Bryan Eckert.
Captains of Industrial. NAI Mertz has been an industry leader in industrial and commercial real estate on both sides of the Delaware River and beyond for over 35 years. Contact our team of specialists today to find out how we can help you achieve your strategic commercial real estate goals.
naimertz.com Mount Laurel, NJ +1 856 234 9600 Philadelphia, PA +1 215 221 1100 Southampton, PA +1 215 396 2900 Wilkes-Barre, PA +1 570 820 7700
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