1005 West Middlesex Ave. in Port Reading — Courtesy: NAI Mertz
By Joshua Burd
A new tenant has leased 230,100 square feet at a Woodbridge industrial building, in one of several New Jersey deals announced Friday by NAI Mertz.
Scott Mertz, president of the Mount Laurel-based firm, represented Western Post Inc. in the transaction at 1005 West Middlesex Ave. in Port Reading. Elsewhere in Middlesex County, in South Brunswick, Mertz represented Go-Plus in a 121,500-square-foot lease at 8-1 Corn Road in Dayton, while also brokering Acme Furniture’s 103,890-square-foot lease at 80 Stults Road.
The deals were among more than $60 million worth of first-quarter industrial sales and leases by Mertz in central and southern New Jersey. They total more than 1.325 million square feet.
“The industrial market across southern and central New Jersey is showing no sign of slowing down,” Mertz said. “These transactions represent the continued strength of this sector and the desire of buyers and tenants to be well-positioned in locations that are in close proximity to both Philadelphia and New York City.
“I am pleased to have completed these deals on behalf of my clients.”
The sales completed by Mertz include:
- The sale of a three-building industrial portfolio totaling 192,382 square feet in Swedesboro. The new ownership also retained Mertz to serve as the exclusive leasing agent for the properties, which are 58 percent leased.
- The sale of 1960-1970 Old Cuthbert Road, a 90,000-square-foot industrial building in Cherry Hill. Mertz was the sole broker in the transaction.
- The sale of 281 Benigno Blvd., a 74,000-square-foot industrial building within Interstate Business Park in Bellmawr. Mertz was the sole broker in this deal.