NAI Mertz announced that Scott Mertz, SIOR, president has closed sale and lease transactions totaling more than 5 million square feet and $300 million in total volume across South Jersey. Three of the deals were among the 10 largest industrial lease transactions in the marketplace for the second quarter of 2021, earning Mertz CoStar Power Broker recognition.
Vantage Commercial recently announced several real estate transactions in the area including the sale of stand-alone retail property at 470 Route 38 in Maple Shade; the large-scale retail lease in Hamilton Township for Goodwill Industries of Southern New Jersey and Philadelphia; and the sale of Penn Jersey Propane’s bulk plant in Hainesport.
California real estate company Watson Land Co. recently purchased a pair of South Jersey industrial buildings built on speculation for a record $107.7 million, or roughly $201 a square foot. The purchase of Mickleton’s The Cubes at East Greenwich, a 283,040-square-foot building at 100 Huff Lane and a 252,750-square-foot building at 191 Harmony Road, represents Watson Land’s expansion of its East Coast presence.
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Published (and copyrighted) in South Jersey Biz, Volume 11, Issue 9 (September 2021).
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