Dave Weaver, Steve Cole, Chris Matus, Bryan Eckert

NAI Mertz of PA Inks Over One Million Square Feet in Commercial Sale and Lease Transactions in 2016

NAI Mertz of PA Team

Dave Weaver, Steve Cole, Chris Matus, Bryan Eckert

NAI Mertz of PA, a leading full-service commercial real estate firm serving northeastern Pennsylvania, ended 2016 completing over 1,000,000 square feet in industrial, office and retail sale and lease transactions. The NAI Mertz of PA sales team of Dave Weaver, vice president; Steve Cole, sales associate; and Fred Meyer, SIOR, director of corporate services were responsible for completing these deals. Meyer is a leading initiator of in-network deals for NAI Global, regularly finishing in the network’s top 5 producers of multi-market transactions.

Weaver and Cole completed two of the top five recorded transactions—in square footage and sales price—in 2016 in northeast Pennsylvania. These deals included the sale of a 121,600-square-foot former Wal-Mart, in Pittston. Mericle Commercial Real Estate purchased the vacant property and is redeveloping the site into a multi-tenanted office and medical complex. The second transaction was the sale of a 116,400-square-foot industrial building in Humboldt Industrial Park in Hazleton.

Notable lease transactions closed by the team in 2016 include:

• A 200,000-square-foot lease to be used as a distribution center in Humboldt Industrial Park in Hazleton;
• A 155,000-square-foot lease to be used as a distribution center in Hanover Crossings in Hanover Township;
• A 100,000-square-foot lease of a manufacturing building in Valley Distributing’s rail served industrial park in Laflin;
• A 77,000-square-foot industrial warehouse lease in Kingston.

In 2016, NAI Mertz of PA also welcomed two new sales associates, Bryan Eckert and Chris Matus, to its team. “I am pleased to welcome Bryan and Chris to NAI Mertz of PA,” said Barry Mertz, President. “Both gentlemen have great business and leadership experience and strong knowledge of the market. They will be tremendous assets to our clients that are looking to locate or grow within northeastern Pennsylvania,” he added.

“We are pleased to have successfully represented our clients in 2016 and to have completed some of the largest transactions in northeastern Pennsylvania,” said Weaver. “This activity reflects the growing interest in the I-81 Corridor for industrial users due to the saturation in primary distribution markets in the Northeast,” he added.

“Companies coming to Scranton, Wilkes-Barre, and Hazleton are also benefiting from lower lease rates, a strong labor pool and excellent proximity to many highways including Interstates 80, 81 and the Pennsylvania Turnpike,” added Cole. “With these positives, a growing sales force in our Wilkes-Barre office, and several deals already in the pipeline, we are on target to surpass over one million square feet of transactions again this year,” he concluded.

New Commercial Real Estate Listings – Dec. 18

‘Tis the season for retail! Fittingly we have two new retail listings that can check off every item on the wish list of a retailer – high traffic locations, great visibility, and excellent demographics.

364 Berlin Cross Keys Road, Williamstown, NJ

Newly Constructed Retail / Office Plaza

Address: 364 Berlin Cross Keys Road | Williamstown, NJ

A 2,100± SF retail / office suite is available for lease in this newly constructed plaza. Located in a thriving commercial district within close proximity of Barclay Glen Apartments, featuring 280 newly constructed luxury units. Easily accessible from major regional thoroughfares, including Route 168, Route 42 (Black Horse Pike), Route 73, I-295 and the Atlantic City Expressway.

Broker(s):
John Brown | +1 856.234.9600 | john.brown@naimertz.com
Marc Cutler | +1 856.234.9600 | marc.cutler@naimertz.com

Hotel/Restaurant/Retail Development Site on Route 73, Marlton, NJ

Prime Development Opportunity on Route 73 in Marlton, NJ

Address: 810 S Route 73 | Marlton, NJ

4.3± acre site in an upscale retail corridor on Route 73 in Marlton, NJ. Development options include a hotel (fully approved), restaurant, or up to 16,000 SF retail building. New water & sewer lines on site. Drives & curbs installed on Route 73.

Broker(s):
Rick Gordon | +1 856.234.9600 | rick.gordon@naimertz.com
Jeff Sloan | +1 856.234.9600 | jeff.sloan@naimertz.com

For more commercial real estate listings in southern New Jersey, greater Philadelphia and Northeastern PA, visit: naimertz.com.

New Listings: 12/6 – 12/11

New commercial real estate listings throughout southern New Jersey, greater Philadelphia and northeastern PA this week at NAI Mertz:

56,500 SF Warehouse for Lease

Address: 1660 Suckle Highway | Pennsuaken, NJ

Broker(s):  Scott Mertz | +856.234.9600

14-38 AC in Hazelton

Address: Oak Ridge Rd & Green Mountain Road | Hazle Township, PA

Broker(s):  Dave Weaver & Steve Cole | +5700.820.7700

Former Big Box Store

Address: 1201 Oak Street | Pittston, PA

Broker(s):  Dave Weaver & Steve Cole | +5700.820.7700

Office/Flex in Bensalem

Address: 536 Lancaster Avenue | Malvern, Pennsylvania

Broker(s): Lisa Madzin & Gregg Meister | +1 215.396.2900

For more commercial real estate listings in southern New Jersey, greater Philadelphia and Northeastern PA, visit: naimertz.com.

New commercial real estate listings at NAI Mertz this week throughout southern New Jersey and greater Philadelphia:

Office/Retail Development Opportunity

Address: 1324-1326 N Delaware | Paulsboro, NJ 08066

Broker(s):  Julie KronfeldJohn Brown | +856.234.9600

Office/Flex in Bensalem

Address: 984 Bristol Pike | Bensalem, PA 19020

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

Office/Flex in Trevose

Address: 210 Andrews Road | Trevose, PA 19053

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

Former Retail in Warminster

Address: 700 N. York Road | Warminster, PA 18974

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

For more commercial real estate listings in southern New Jersey, greater Philadelphia and Northeastern PA, visit: naimertz.com.


New Listings 11/2 – 11/6

New commercial real estate listings at NAI Mertz this week throughout southern New Jersey and greater Philadelphia:

Office/Retail at Route 38 at Chestnut Street

Address: 100 Chestnut Street | Cherry Hill, NJ

Broker(s): Jeff Sloan | +856.234.9600

New Availabilities at Eastgate Business Center

Address: Gaither Drive | Mount Laurel, NJ

Broker(s): Rebecca TingJulie Kronfeld | +856.234.9600

120,000 SF Distribution Warehouse Coming Q3 2016

Address: 300 Bordentown-Hedding Road | Bordentown, NJ

Broker(s): Scott Mertz | +856.234.9600

Commercial Property just off Route 130

Address: 572 High Street | Burlington, NJ

Broker(s): Scott Mertz & Jeff Sloan | +856.234.9600

For more commercial real estate listings in southern New Jersey, greater Philadelphia and Northeastern PA, visit: naimertz.com.

New Listings: 10/26 – 10/30

Downtown Woodbury Office Building for Sale

Address: 28 Cooper St | Woodbury, NJ

Broker(s): Rebecca TingJulie Kronfeld | +856.234.9600

12,000 SF Office Building for Sale or Lease

Address: 3140-3160 Tremont Ave | Trevose, PA 19053

Broker(s): Zena Charokopos | +1 215.396.2900

Newly Renovated Warehouse with Fenced Yard for Lease

Address: 9105 Collins Avenue | Pennsauken, NJ

Broker(s): John Brown & Scott Mertz | +856 234 9600

Medical/Office/Retail Space for Sale or Lease

Address: 751 Stokes Road | Medford, NJ

Broker(s):  Rebecca TingJulie Kronfeld | +856.234.9600

10,542 SF Flex/Industrial Building for Lease

Address: 700 Veterans Circle | Warmisnter, PA

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

Mixed-Use Investment or Redevelopment Opportunity

Address: 43 Charleston Road | Willingobro, NJ

Broker(s):  Rebecca TingJulie Kronfeld | +856.234.9600


Office Space for Lease in Jenkintown

Address:505 York Road | Jenkintown, PA

Broker(s): Rick GordonZena Charokopos | +1 215.396.2900

16,000 SF Industrial Warehouse Building for Sale

Address: 6 S Keyser Avenue | Taylor, PA

Broker(s): Dave WeaverSteve Cole | 570.820.7700

Medical Office for Sale

Address: 428 Ganttown Road | Washington Township, NJ

Broker(s): Broker: Rick GordonMarc Cutler | +856.234.9600

Highly Visible Big Box Opportunity

Address: 700 N.York Road | Warmisnter, PA

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

5,650 SF Flex/Industrial Building for Lease

Address: 700 Veterans Circle | Warmisnter, PA

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

Flex/Office Condo for Sale

Address: 1300 Industrial Blvd | Southampton, PA

Broker(s): Jeff LichtAdam Lashner | +1 215.396.2900

For more commercial real estate listings throughout southern New Jersey, greater Philadelphia and Northeastern PA, visit naimertz.com