NAI Mertz, a full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently completed the sale of a 156,280-square-foot multi-tenant, light industrial building located at 4 East Stow Road in Marlton, to Plymouth Industrial REIT, Inc., a Boston-based real estate investment corporation. Jonathan Klear, vice president of NAI Mertz, and Fred Meyer, SIOR, director of corporate services, negotiated the transaction.
4 East Stow Road is currently 97 percent leased, under long-term, triple net leases. Current tenants in the building include Cherry Hill Photo, RiverTech Solutions and MBO America. The building, situated on 14.54 acres, features 22’ ceiling heights, 22 tailgate loading doors and eight drive-in loading doors. The building is ideally located just off Route 73, within five minutes of Interstate 295 and the New Jersey Turnpike.Related Articles: