S hopping C enters S outhern N ew J ersey
Real Estate Journal — New Jersey — April 10 - 23, 2015 — 5B
www.marejournal.com
M id A tlantic
Marc Cutler and Fred Meyer of NAI Mertz represents seller Colliers International concludes $2.55 million sale of 103,000 s/f building in Pennsauken P
ENNSAUKEN, NJ — Colliers Interna- tional ’s Southern New Jersey office recently con- cluded the sale of a 103,000 s/f warehouse facility located at 6965 Airport Highway Lane in Pennsauken, for $2.55m. The subject property features 26’-27’ ceilings, seven loading docks and one drive-in door. Ian Richman of Colliers International represented the buyer, Levin Enterpris- es, LLC, in this transaction. The seller was represented by Marc Cutler and Fred Meyer of NAI Mertz . The buyer is a provider of new and used/reconditioned forklift trucks as well as ma- terial handling parts and services. They had outgrown
6965 Airport Highway Lane
their existing facilities of approximately 56,000 s/f in Brooklawn, NJ. Colliers In-
ternational has been retained to handle the sale of these two facilities.
This is the eighth building the Colliers International Southern New Jersey indus-
trial team has sold in the Pennsauken Township in the last twelve months. n
Wisnoski of Equity Retail Brokers represents the Cato Corporation in lease
NAI Mertz inks sale of 156,281 s/f ind. building in Marlton
4 East Stow Rd.
ated the transaction. 4 East Stow Rd. is currently 97% leased, under long-term,
MARLTON, NJ — NAI Mertz , a full-service com- mercial real estate firm serv-
t r i p l e n e t leases. Cur- rent tenants in the build- ing include Cherry Hill Pho t o , Ri - verTech So- lutions and MBO Amer-
ing southern New Jersey and greater P h i l a d e l - phia, recent- ly completed the sale of a 156,280 s/f multi-tenant, light indus-
Cross Keys Commons
in one of Camden County’s busiest retail destinations along Rte. 42. Situated in Washington Township’s Turn- ersville section, this thriving commercial corridor is one of the region’s most vibrant retail hubs. Cato Fashion is a leading specialty retailer of women’s fashion apparel and accesso- ries operating three brands; Cato Fashions, IT’s Fashion/ Fashion Metro and Versona Accessories. The stores offer
quality women’s fashion and accessories at an attractive price point. The Cato Corpora- tion operates approximately 1,300 stores in 31 states. The company’s annual plan calls to open 70 to 80 new stores. Currently Cato Fashions has locations in central Pennsylva- nia, Southern New Jersey, and Delaware, and is looking for fashion anchored centers with a grocery component for expansion opportunities in the Philadelphia Region. n
WASHINGTON TWP., NJ — Equity Retail Brokers agent George Wisnoski an- nounced that Cato Fashions has joined the premier line- up of tenants at Cross Keys Commons shopping center in Washington Township. Wisnoski represented The Cato Corporation in leasing 4,000 s/f in the WalMart, Ross, Marshalls, Famous Footwear and Dress Barn anchored center. Cross Keys Commons is 216,428 s/f and is located
Jonathan Klear
Fred Meyer
ica. The building, situated on 14.54 acres, features 22’ ceiling heights, 22 tailgate loading doors and eight drive- in loading doors. The build- ing is ideally located just off Rte. 73, within five minutes of I-295 and the New Jersey Turnpike. n
trial building located at 4 East Stow Rd. in Marlton, to Plymouth Industrial REIT, Inc. , a Boston-based real estate investment corpora- tion. Jonathan Klear , vice president of NAI Mertz, and Fred Meyer, SIOR , director of corporate services, negoti-
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