8B — July 24 - August 13, 2020 — Southern New Jersey — M id A tlantic Real Estate Journal


S outhern NJ

ELLMAWR, NJ — NAI Mertz , one of the leading full-ser- 211 Benigno Blvd. sells for $1.8 Million to Yada Property Management NAI Mertz’s Scott Mertz, SIOR, completes 40,000 s/f office building sale in Bellmawr, NJ B

completed the sale of 211 Benigno Blvd. in Bellmawr. Mertz was the sole broker in the sale of this two-story, 40,000 s/f office building lo- cated in Interstate Business Park. The new owner, Yada Property Management , also has retained NAI Mertz as the leasing agent for the property. Mertz, along with senior vice presidents Rebec- ca Ting, SIOR , and Joseph Riggs , will comprise the team marketing the availabilities ranging from 3,003 to 23,356 s/f, which is the entire first floor. The seller was Choice

Services International, LLC. “I am pleased to have com- pleted the sale of this property working directly with both the buyer and the seller to nego- tiate a win-win transaction,” stated Mertz. “This building is ideally situated within In- terstate Business Park and offers ideal space configura- tions for efficient floor plan- ning, as businesses begin to slowly bring employees back into the office during these unique times of COVID-19,” he added. Located in Interstate Busi- ness Park, a 40-building in- dustrial and flex business park, 211 Benigno Blvd., offers on-site parking, eleva- tor and stair options, glass- enclosed atriums that provide abundant outside natural light to enter the core of the building, and interior courtyards. Other building features include flexible size floorplates for growth options, exterior building signage, and lower level finished space for lower cost space alternatives, such as storage. The building is within walking distance to the regional post office and offers immediate access to the New Jersey Tpke., I-295, and Rtes. 42 and 55. The city of Philadelphia is within a 10 minute drive via the Walt Whitman Bridge. Corporate neighbors within the park include Amazon, PSE&G, FedEx, Singer Equipment Company, EverGreen Print- ing and National Delivery Systems. “We are happy to have worked with NAI Mertz on this transaction, and to have them on-board as the new leasing team,” said Robert Eisenberg , partner, Yada Property Management. “We are excited for this asset’s po- tential due both to its superior location and the flexibility that its current vacancies of- fer prospective tenants. The full floor availability is ideal for the distancing measures required for office life in the age of COVID-19. Spacing concerns are also forcing some companies to consider a spoke-hub model with a scaled back headquarters and several outposts in the sub- urbs. 211 Benigno Boulevard is perfectly positioned for a satellite office for a company based in Philadelphia,” he added. MAREJ

v i c e c om - mercial real estate firms conduct ing b u s i n e s s throughout the United States, and g l o b a l l y , from its re-

Scott Mertz

gional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania, recently announced that pres- ident, Scott Mertz, SIOR ,

211 Benigno Blvd.

Since 1988


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