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ISSUE HIGHLIGHTS Volume 37, Issue 7 July 2025 COMMERCIAL BROKERAGE DIRECTORY 3-14 CRE ACROSS AMERICA: Weiss Realty lists 138 Acres in Decatur, IL
Eastroc to revive shuttered facility, creating new local jobs Mericle CRE Services leases 403,000 s/f in CenterPoint Commerce & Trade Park East
ITTSTON TOWN- SHIP, PA — A global manufacture of energy drinks, non-energy drinks, and packaged drinking water has leased a 403,000 s/f industrial building from Mericle Com- mercial Real Estate Services at 575 Research Dr. in Center- Point Commerce & Trade Park East in Pittston Twp. Eastroc Beverage Group Co Ltd will begin operations in the building that was vacated when beverage manufacturer Joriki filed for bankruptcy leaving more than 200 people unemployed. Under the name Pittston Co-Packers, Eastroc will utilize much of the same equipment to manufacture and package juices and other beverages and expects to have a workforce equal in size to Joriki’s. Mericle president Rob Mer- icle congratulated Eastroc and Pittston Co-Packers and said the creation of new jobs P NEW BRUNSWICK, NJ — SJP Properties has com- menced construction of the 10-story, 370,000 s/f Nokia Bell Labs Headquarters at the H-2 site of the HELIX NJ in New Brunswick. The four-acre HELIX NJ Innovation District is master planned by DEVCO and situated directly across from the New Brunswick train station. Aligned with New Brunswick’s transformation
manufacturers to the area. “New and growing manufac- turers in CenterPoint such as Pittston Co-Packers, Ameri- can Flooring, Quiet Flex, US Hydrations, and Olympia Chimney are creating the value-added jobs our local economy needs,” she said. The building at 575 Re- search Drive was constructed on speculation by Mericle as part of the company’s Ready- ToGo! Program. Mericle had cleared, graded, and compact- ed the site in advance so that it was ready for the immedi- ate construction of building foundations when the market signaled the time was right for speculative construction. CenterPoint is located along I-81 in Pittston Township and Jenkins Township and was built in phases by Mericle starting in 2005. The park is home to more than 70 busi- nesses, which together employ 7,500 people. MAREJ plates and varying slab-to-slab heights on some floors to ac - commodate experimentation. It will be the launchpad for acceleration in next-generation networks, advanced AI and software systems, industrial automation, and quantum and optical research. To bring the Nokia Bell Labs Headquarters development to fruition, SJP Properties as- sembled a complex multiparty team that includes: • HELIX Master Developer DEVCO (New Brunswick De- velopment Corporation) • Financial partner Morgan Stanley (development) • PNC Bank (construction lender) • JLL (landlord representation team – Dan Loughlin, Blake Goodman, Dan Spero, Jason Benson, Peter Ladas) • Colliers (tenant representa- tion team – Sam Horowitz, Chris Hovanec, Ray Iodice) • Newmark (equity partner representation team – Adam Spies, Chris Kramer) MAREJ
575 Research Dr. in CenterPoint Commerce & Trade Park East
and multi-million-dollar in- vestment in the building are especially good news after Joriki’s unexpected closing. “We are hopeful that some of the local residents displaced by Joriki will be able to find employment with Pittston Co- Packers,” said Mericle. Mericle thanked Governor Josh Shapiro, Pennsylvania Department of Community and Economic Development Secre- tary Rick Siger, Pennsylvania’s
senior managing director of In- ternational Trade and Invest- ment David Briel, and Director of Business PA’s Northeast Re- gional Office Bruce Reddock for providing a package of financial incentives that was instrumental to the project. Greater Pittston Cham- ber of Commerce President Michelle Mikitish welcomed Pittston Co-Packers to Cen- terPoint and said she is en- couraged by the influx of new
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SOUTHERN NJ: NAI Mertz closes ind. property deal in Delanco
SJP Properties commences construction of Nokia Bell Labs HQ at the HELIX NJ Innovation Center
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CONFERENCES For speaking & sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com
Directory
Nokia Bell Labs Headquarters rendering
agenda, the New Jersey Trans- portation Trust Fund has com- mitted $50 million for a station modernization and expansion project scheduled to begin in late 2025. HELIX NJ is a sustainable ecosystem where industry and academia unite to collaborate in research and development with a mandate to uncover the breakthroughs that will advance human innovation and wellbeing for decades to come. Nokia Bell Labs’ H-2
building is situated directly across from the H-1, home to the New Jersey Innovation HUB, Rutgers Translational Research, the Rutgers School of Medicine and plug and play lab space for industry, current- ly under construction and in close proximity to the recently completed Jack and Sheryl Morris Cancer Center at the Rutgers Cancer Institute, both developed by DEVCO. The H-2 property will feature highly efficient side core floor
Commercial Brokerage Directory...............................3-14 CRE Across America.................................................15-17 CIRC Organization . ....................................................... 18 DelMarVa................................................................ 18-19 New Jersey featuring Southern NJ...........................20-27 Appraisal Institute Southern NJ Chapter .................. 24-25 Pennsylvania........................................................... 28-31 Owners, Developers & Managers............................32-42 CRE Organization’s Events Calendar .............................. 43 People on the Move.....................................................44 www.marej.com
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