509 Heron Drive in Swedesboro — Courtesy: NAI Mertz
By Joshua Burd
A real estate firm’s subsidiary has sold and leased back a 55,000-square-foot industrial building in the Pureland Industrial Complex in Swedesboro, in a deal brokered by NAI Mertz.
The Mount Laurel-based firm said it was the sole broker in the sale-leaseback at 509 Heron Drive, which sits just off Exit 10 of Interstate 295 in the state’s largest industrial park. It identified the buyer as subsidiary of Burton Real Estate.
The NAI Mertz team of Jonathan Klear, vice president, and Fred Meyer, director of corporate services, handled the assignment. Terms of the sale were not disclosed.
“This is quite a significant transaction that we are pleased to have completed while also meeting the tenant’s long-term business needs in the leaseback of the space,” Klear said.
The property features a large, crane-served warehouse and existing two-story office, along with a computer room and reception and kitchen areas, Mertz said in a news release. It also has two large drive-in doors, five loading docks and one drive-through service bay.
The warehouse has 22-foot clear ceiling heights and 40-foot-by-40-foot column spacing.
Pureland Industrial Complex is also home to corporations such as Amazon, Home Depot and Mitsubishi. Also nearby is the New Jersey Turnpike and Delaware Memorial Bridge and Commodore Barry Bridge.
“The sale of 509 Heron Drive, with its ideal access to many of the state’s major thoroughfares, as well as the popularity of this industrial complex, proves that the velocity in the industrial market in greater Philadelphia and southern New Jersey is one of the strongest in the country,” Meyer said.