10B — July 15 - 28, 2016 — Southern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
S outhern N ew J ersey
Roy Kardon, SIOR and John Brown represent both parties NAI Mertz completes sale of 43,750 s/f industrial building in Vineland, NJ
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solutions to fit the needs of its customers who service the bulk trucking, bulk terminal, pack- aging and warehousing needs of the plastic industry. “We are pleased to have com- pleted this transaction in just 20 short days—from inception to closing—on behalf of our cli- ents,” said Kardon. “Logistics businesses are significantly driving the industrial sector in southern New Jersey, and this building sale is a testament to this growing trend,” he added. “The new owner will utilize this building for extra stor- age space for its expanding business, and because of its
T. LAUREL, NJ — NAI Mertz , a full- service commercial
real estate firm serving south- ern New Jersey and greater Philadelphia, announced the sale of a 43,750 s/f industrial building located at 301 North 4th St. in Vineland, NJ, to Plastic Express, Inc. NAI Mertz’s Roy Kardon, SIOR , vice president, and John Brown , broker associate, were the sole brokers in this transaction representing both the buyer, and the seller, The Welfont Group. Plastic Express, Inc. provides custom-tailored and logistical
301 North 4th St. Located in Cumberland County, 301 North 4th St. of- fers both industrial and office space, and includes a 29,000
Construction on Cornerstone at Barnegat hits halfway mark BARNEGAT, NJ — Con- struction on the new afford- able rental community for seniors (55+) Cornerstone at Barnegat has hit the halfway mark, according to Walters Group , which is develop- ing the project to LEED and ENERGY STAR specifica- tions. The 70-unit building is scheduled for completion in mid-December 2016. Beginning on August 1, applications will be accepted at the Stafford Park Apart- ments leasing office located at 321 Cook Rd., Manahawkin. Eligible applicants will be considered on a first-come first-serve basis. Located on the corner of Rte. 9 and Georgetown Blvd., Cor- nerstone at Barnegat is being built on a five-acre site. The modern three-story building will offer one-and two-bed- room units with balconies. A 7,000 s/f community clubhouse will include a long list of ame- nities such as a kitchen area, game room, state-of-the-art fitness equipment, and confer- ence room. The community is being planned to meet the needs of seniors, and will offer a variety of amenities and activities, ac- cording to Melissa DeMayo , director of property manage- ment. To promote safety, a number of security features will be added, including key fob access, intercom entry and cameras. The Walters Group is managing every aspect of the project from design and construction to property management. n fenced-in and paved yard area, 18-foot clear ceiling heights, six tailgate doors, and one drive-in door. n
reasonable price and great location, it was a win-win transaction for both the buyer and the seller,” added Brown.
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