Real Estate

OPEX Acquires Large Moorestown Industrial Building

NAI Mertz, a full-service commercial real estate firm conducting business throughout the United States, announced that President Scott Mertz completed the sale of a 115,422-square-foot industrial building located at 1224 North Main Street in Moorestown. Mertz represented the buyer, OPEX, in the transaction. The seller was Northbridge Partners.

OPEX is a family owned and operated corporation that provides warehouse, and document and mail automation solutions to help businesses improve workflow, accelerate change and drive efficiencies in infrastructure. This is a new location for the company which has two additional locations in Moorestown and one in Pennsauken.

“I am pleased to have found this ideal location for OPEX, as it continues to expand its operations throughout southern New Jersey,” stated Mertz. “Industrial properties are commanding significant demand in the state from tenants, buyers and investors alike, so securing this sale was both a challenging and rewarding experience,” he added.

Situated on an 8-acre lot, 1224 North Main Street is a single-story industrial building offering ample tenant parking, 22-foot clear ceiling heights, 12 loading docks and one drive-in door. It is convenient to several major highways including I-295, the New Jersey Turnpike and Route 38, as well as several retail and dining options.

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