16A — May 29 - June 11, 2020 — Industrial / Distribution Centers — M id A tlantic Real Estate Journal
www.marej.com
I ndustrial R eal E state & D istribution C enters A joint-venture led by local operator, Manekin sells Mid-Atlantic Commerce Center NKF announces 853,520 s/f industrial transaction along Baltimore-Washington Corridor J ESSUP, MD — New- mark Knight Frank (NKF) announcedthe sale
Maryland Capital Markets team facilitated the sale, while senior managing director Bri- an Kruger provided leasing advisory services. “This sale represented a rare opportunity for Grandview Partners to both enter the market and place a meaning- ful amount of value-add capi- tal in an exceptional property with investment-grade ten- ancy,” said Abramson. Grandview Partners’ man- aging partner Jeff Usas com- mented: “We are expanding our industrial portfolio in the Mid Atlantic through both
ground-up development and operating properties. 7600 is a compelling opportunity to continue to do so with a strong tenant base and the ability to deliver great value to the market.” NAI Mertz arranges ind. deals totaling 49,660 s/f in NJ
of 7600 Assateague Dr., also known as the Mid-Atlantic Commerce Center, an 853,520 s/f class A industrial build- ing in Jessup. An investment vehicle currently managed by Grandview Partners purchased the property from a joint-venture led by local operator, Manekin . Executive managing direc- tor Cris Abramson , director Nicholas Signor and associ- ate director Ben McCarty of Newmark Knight Frank’s
Mid-Atlantic Commerce Center
Mid-Atlantic Commerce Center MT. LAUREL, NJ — NAI Mertz has completed the folow- ing industrial transactions: NAI Mertz leasing team of Scott Mertz, SIOR , presi- dent, and Jonathan Klear , senior VP, have successfully leased a 26,740 s/f industrial space to a local food packaging company at 103 Central Ave. in Mt. Laurel. This space was one of the last remaining units at the 112,000 s/f industrial/warehouse build- ing. NAI Mertz has long served as exclusive leasing agents for this property. “This local food packaging company entered in a long-term lease for this space during the height of the COVID-19 pan- demic,” said Mertz. Andrew Johnson , sales as- sociate, and Klear represented its client, South Jersey Glass and Door, in the sale of its 22,920 s/f industrial/flex prop - erty located at 2732 S. West Blvd. in Vineland, NJ. “We are pleased to have completed this transaction on behalf of our client and to have been able to achieve a competi- tive sale price for the property,” stated Johnson. “Vineland is a prime real estate location for industrial business, and we are glad to see a company like Eastern Lift Tuck expanding into this area,” Klear added. “Andrew Johnson and Jona- than Klear were very attentive throughout the entire process of executing the listing of our property through to the final sale. We are very happy with the end result,” stated the owner of South Jersey Glass and Door. Located nearby Rtes. 55 and 40, 2732 S. West Boulevard is a 22,920 s/f industrial property featuring 14 private offices.
For More Information Contact Joe Christman jchristman@marejournal.com 781.740.2900
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