M id A tlantic Real Estate Journal — New Jersey — August 2025 — 13
www.marej.com
N ew J ersey Scott Mertz and Jonathan Klear represent the seller, Faropoint NAI Mertz completes sale of 44,055 s/f industrial property in Somerdale, NJ
S
resented the team of profes- sionals at Faropoint in yet another successful industrial
900 Kennedy Blvd. is located just off Rte. 30, providing easy access to Philadelphia. It is four miles to Exit 3 of the NJ Turnpike and just two miles to I-295. It features 10,296 s/f of front warehouse space with 12’ ceiling heights and 22’ ceiling heights in the main warehouse, five loading docks and two drive-ins. The 2,029 s/f office area is window-lined and includes bullpen space, conference rooms, two private offices and restrooms. There is abundant on-site parking and a large fenced outdoor storage area. MAREJ
OMERDALE, NJ — NAI Mertz announced that Scott Mertz, SIOR ,
sale transac- tion,” added Klear. “This deal not only reflects the continued growth of Faropoint’s real estate strategy, but
president, and Jona- than Klear , senior vice president, completed the sale of 900 Kenne- dy Blvd. in Somerdale.
Scott Mertz
Jonathan Klear
also brings a high-quality business to Camden Coun- ty—contributing to the re- gion’s economic vitality and industrial growth.”
The property is a 44,055 s/f industrial facility with 2,029 s/f of office space. Mertz repre - sented the buyer, F.W. Webb, a wholesale distributor of plumbing, heating, cooling, HVAC/R, LP Gas and industri- al products. Klear represented the seller, Faropoint . The sale price was $6.4 million. “We are pleased to welcome F.W. Webb to 900 Kennedy Boulevard. The property is ideally located in Camden County providing convenient access to major highways and a fully renovated facility with plenty of warehouse space and an abundant fenced outdoor storage area,” said Mertz. “I am proud to have rep- Goldstein Group brokers sale of 6.45-acre site in Fair Lawn, NJ FAIR LAWN, NJ — The former Shop Rite and adjacent retail spaces in Fair Lawn have been sold. The Gold- stein Group brokered the sale of the shopping center at 17-17 to 17-77 River Rd., according to Neil Goldstein , principal of The Goldstein Group. Marc Palestina , VP, CJ Huter , VP, Lew Finkelstein , executive VP, and Neil Gold- stein for The Goldstein Group represented the seller, 17-77 River LLC and SSM River LLC. The purchaser BSPSS Mid-Atlantic, LLC was repre- sented by Frank Truesdell and John Picco from Cush- man & Wakefield . The sale of the 6.45-acre site included a vacant 54,500 s/f former ShopRite, a freestand- ing Walgreens, and a 14,900 s/f strip center anchored by Sherwin Williams. MAREJ 17-17 to 17-77 River Road
900 Kennedy Boulevard in Somerdale
FULL SERVICE COMMERCIAL REAL ESTATE ADVISORY & PROPERTY MANAGEMENT FIRM
Property Management Landlord Representation Tenant Representation Corporate Real Estate Representation
Research & Marketing Information Investments Appraisal & Advisory Services Construction Services
For more information, visit WolfCRE.com or call 856-857-6300. Building Successful Relationships TM
New Jersey l Pennsylvania | New York
Made with FlippingBook Online newsletter maker