4A — March 27 - April 9, 2015 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal Licht and Lashner of NAI Mertz represent seller NAI Mertz’s completes sale of 11,800 s/f warehouse in PA

HILADELPHIA, PA — NAI Mertz , a full- service commercial real estate firm serving southern New Jersey and greater Phila- delphia, recently completed the sale of an 11,800 s/f indus- trial facility located at 2729 E. Butler St. in Philadelphia. Jeffrey Licht, SIOR , senior vice president, and Adam Lashner , vice president, rep- resented the seller, KTKS LLC, in the transaction. “There is a very high de- mand for USDA-approved food processing facilities in Phila- delphia, and because this fa- P

2729 E. Butler St.

cility is equipped with freezer and cooler storage, it was a very sought after property," said Licht. “We are pleased to have now sold this property twice and wish Crown Poultry

much good luck in their new home.” 2729 E. Butler St. is a single- story industrial building out- fitted for food manufacturing and distribution, complete with refrigerated, cooler and freezer spaces. It features 12’-24’ clear ceiling heights, a small office area, three tailgate truck doors with dock levelers and one drive-in door. The property is located just off I-95 in the Port Richmond section of Philadelphia, offering easy access to U.S. Rte. 1 and the Pennsylvania Turnpike. Crown Poultry, a regional food and paper company, plans to use the building for food man- ufacturing and distribution. n Greystone Bassuk Group promotes Drew Fletcher NEW YORK, NY — The Greystone Bassuk Group , a real estate capital interme- diary and financial advisor to major developers, announced that Drew Fletcher has been promoted to executive vice president. In assuming greater responsibility in lead- ing the business, Fletcher will continue to work in conjunc- tion with Richard Bassuk , the chief executive officer of The Greystone Bassuk Group. In this new role, Fletcher is responsible for the man- agement and growth of a fully-integrated real estate investment banking and capi- tal advisory platform, which specializes in debt placement, equity/joint-venture transac- tions and strategic consulting services across all property types. Fletcher specializes in structuring creative equity and debt solutions for large- scale development transac- tions, with a particular focus on bond-financed multifamily projects and residential con- dominiums. Prior to joining Greystone Bassuk Group, Fletcher served as Chief Financial Officer at Edison Properties. n

CohnReznick isan independent memberofNexia International

lender owned

Tuesday, April 28 - 11:00 AM

Historic Andover Inn & Restaurant

Andover, NJ 7,344 Sq. Ft. Restaurant/Bar with 12 Lodging

Rooms on 0.556 Acres

The Andover Inn has been part of the local community since 1856. The property had a catastrophic re and was completely rebuilt prior to opening again in 2010. O Street Parking * Main Street Frontage * Liquor License will be sold separately. INSPECTIONS: Tuesday, April 7 • 10 am - 2 pm | Monday, April 27 • 10 am - 4 pm Other Times by Appointment

136 Main Street, Andover Borough, NJ 10% Buyer Premium | $20,000 Certied Deposit on Day of Sale | Jay E. Cronce Realty LLC

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