NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently completed the sale of a 107,364-square-foot industrial building located at 600 Ellis Street in Glassboro to Liscio’s Bakery. Scott Mertz, SIOR,principal, represented the seller, ADM (Archer Daniels Midland Company) in the transaction. The buyer was represented independently.
“We are pleased towelcome Liscio’s Bakery to this outstanding facility in Glassboro,” saidMertz. “Moreover, we are thrilled that through our commitment to keeping business in New Jersey, and the outstanding incentives programs offered by our administration, that Liscio’s will continue to call New Jersey home and bring new jobs to our state,” Mertz added.
This transaction represents an expansion for Liscio’s Bakery, which nearly triples the size of its current manufacturing facility on Delsea Drive in Glassboro. While considering a move to Philadelphia, the company was awarded $13.5 million in tax incentives by the Economic Development Agency through the “Grow New Jersey” Economic Opportunity Act of 2013.
Liscio’s Bakery also operates three retail stores – one in Glassboro and two in Washington Township,New Jersey. This new facility will primarily serve as its bread and roll manufacturing facility. The company currently employs 176 workers and plans to add another 71 jobs at this location. 600 Ellis Street is a107,364-square-foot single-story industrial building located in Glassboro, just off Route 55. The building owner, ADM previously utilized the building for its cocoa manufacturing business,until closing its operations in 2009. The building, situated on a 40-acre lot,features 28′ clear ceilings, five tailgates, two drive-in doors, ample parking and a fenced yard.Related Articles: