103-105 West Park Drive in Mount Laurel — Courtesy: NAI Mertz
By Joshua Burd
An investment firm has made another addition to its southern New Jersey portfolio with its purchase of a 61,000-square-foot industrial building in Mount Laurel.
NAI Mertz, the brokerage firm based in the township, announced that it represented Faropoint in its acquisition of 103-105 West Park Drive. The asset sits just off Interstate 295 and provides easy access to the New Jersey Turnpike and routes 70 and 73, offering heavy power for manufacturing, updated office space and an additional lot for excess trailer parking.
The NAI Mertz brokerage team included Senior Vice President Jonathan Klear, Executive Vice President Fred Meyer, Vice President Roy Kardon, Senior Vice President Jeff Licht and Sales Associate Jared Licht.
“We have been working with Faropoint for over a year to identify and underwrite attractive, off-market, regionally located opportunities,” Klear said. “The company’s Northeast portfolio is growing substantially with the help of NAI Mertz.
“We are pleased to have found our client this great investment property, which is fully occupied by a long-time tenant, making this sale more attractive to their business objectives.”