4B — September 17 - October 21, 2021 — New Jersey — M id A tlantic Real Estate Journal
N ew J ersey
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OUTHERN NJ — NAI Mertz announced Scott Mertz, SIOR , presi - Sale & lease transactions take place in 1st half of 2021 NAIMertz’s ScottMertz closes over 5 million square feet S
d e n t h a s closed sale a n d l e a s e transactions in southern New Jersey totaling over 5 million s/f a n d $ 3 0 0 million in to- tal volume.
Serving the Greater Tri-State Region, including South Jersey, Central Jersey, Philadelphia and its suburbs and Northern Delaware. HVAC • Energy Services • Plumbing • High-efficiency Lighting
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Mertz had three deals among the ten largest industrial lease transaction in the Philadelphia market in the second quarter of 2021 earning him CoStar
405 Heron Drive in Logan Township
Power Broker recognition. "The southern New Jersey industrial market continues to flourish and finding the ideal properties for my clients continues to be challenging and rewarding at the same time,” said Mertz. “Demand for industrial properties along the NJ Tpke. and major high- ways is strong, and continues to push vacancy rates down and increase rent prices. Now is a great time for owners to secure top-notch tenants, and for investors to add great value to their portfolios,” he added. Transactions completed by Scott in the first half of this year include: • The sale of 8 Queen Anne Court, a 237,867 s/f distribution center in Lang- horne, PA. The sale price was $33,190,294. • The sale of 405 Heron Drive, a 254,220 s/f industrial property in Logan Township. The sale price was $26 Million. • The sale of 103-105 Gaith - er Drive, a 89,140 s/f industrial property inMount Laurel. The sale price was $10.9 Million. • The sale of 123 Gaither Drive, a 42,852 s/f industrial property inMount Laurel. The sale price was $4.4 Million. • The 768,750 s/f lease of 3280 Route 206, in Borden - town to Aukey Technology. This was the largest new lease in the Philadelphia market in the second quarter. • The 486,812 s/f lease of 1950 River Road in Burlington to LC Logistic Services. • The 266,966 s/f lease of 105 Elbow Lane in Burlington to Western Post. Founded in 1980, NAI Mertz is a full-service commercial real estate firm conducting business throughout the Unit- ed States, and globally. MAREJ
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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