REBusinessOnline

NAI Mertz Arranges Sale of 160,000 SF Stow Road Corporate Park in Marlton, New Jersey

MARLTON, N.J. — NAI Mertz has arranged the sale of Stow Road Corporate Park, a 160,000-square-foot industrial flex development in the Southern New Jersey community of Marlton. The five-building complex is located off State Highway 73, within a few miles of the New Jersey Turnpike. The buyer, a subsidiary of Philadelphia-based Velocity Venture Partners, plans to rebrand the property as Velocity Business Park and add about 20 loading positions and drive-in doors to enhance the functionality of …

NAI Hanson Brokers $26.3M Sale of Industrial Development Site in Kearny, New Jersey

KEARNY, N.J. — NAI James E. Hanson has brokered the $26.3 million sale of a 5.4-acre industrial development site in the Northern New Jersey community of Kearny. The site is located within five miles of Port Newark, just off Exit 15E of the New Jersey Turnpike.  Kenneth Lundberg, Patrick Lennon and Lorenzo Lambiase of NAI Hanson represented the buyer, San Francisco-based REIT Terreno Realty Corp., in the acquisition of the land. The new ownership did not disclose specific development

JLL Negotiates Sale of 328-Unit Apartment Community in Lyndhurst, New Jersey

LYNDHURST, N.J. — JLL has negotiated the sale of The Union at Lyndhurst, a 328-unit apartment community in Northern New Jersey. The property offers studio, one- and two-bedroom units with an average size of 1,007 square feet. Residences are furnished with stainless steel appliances, individual washers and dryers and private patios/balconies. Amenities include a pool, fitness center, dog park and multiple courtyards. Jose Cruz, Michael Oliver, J.B. Bruno, Kevin O’Hearn and Steve Simonelli of …

NAI DiLeo-Bram Brokers Sale of 30,000 SF Industrial Park in Piscataway, New Jersey

PISCATAWAY, N.J. — NAI DiLeo-Bram has brokered the sale of Clover Leaf Industrial Park, a four-building, 30,000-square-foot development that is located on a 26-acre site in the Northern New Jersey community of Piscataway. Chris Galiano of NAI DiLeo-Bram represented the seller, a private family that owned the asset for 30 years, in the $10.5 million deal. The buyer, Contracting Leasing Corp., a provider of trailer leasing services, will also operate its business out of the

NAI Partners Brokers Sale of 35,634 SF Industrial Building in Southeast Houston

HOUSTON — NAI Partners has brokered the sale of a 35,634-square-foot industrial building located at 9260 Bryant St. in southeast Houston. According to LoopNet Inc., the single-tenant property as built on 2.5 acres in 1961. NAI Partners’ Darren O’Conor represented the buyer, TEHO International (USA) LLC, in the transaction. Ryan Fuselier and David Buescher with JLL represented the seller, an entity doing business as Bryant Street Building

NAI Partners Brokers Sale of 30,000 SF Industrial Building in North Houston

HOUSTON — NAI Partners has brokered the sale of a 30,000-square-foot industrial building within International Crossing Business Park in North Houston. The four-building development totals 90,750 square feet. Clay Pritchett and Zane Carman of NAI Partners represented the seller, TNRG Development, which has now sold all four buildings in the park, in the transaction. The name and representative of the buyer were not

NAI Wisinski of West Michigan Negotiates Sale of 136,942 SF Shopping Center in Grand Rapids

GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has negotiated the sale of Alpine Summit Shopping Center in Grand Rapids for an undisclosed price. The 136,942-square-foot shopping center is located at 3165 Alpine Ave. The center is fully occupied by Ulta, HomeGoods, Marshalls, Petco, Party City, CATO, Sola Salons, America’s Bride and ABC Warehouse. Bob Lotzar and Bill Tyson of NAI Wisinski represented the buyer. NAI Wisinski also serves as the property

NAI Robert Lynn Negotiates 162,000 SF Industrial Lease Expansion in Metro Dallas

CARROLLTON, TEXAS — NAI Robert Lynn has negotiated a 162,000-square-foot industrial lease expansion at 4717 Plano Parkway in the northern Dallas suburb of Carrollton. The deal essentially triples the Dallas-area footprint of the tenant, third-party logistics firm JB Hudco, to 240,000 square feet. Chad Albert of NAI Robert Lynn represented JB Hudco in the lease negotiations. George Billingsley represented the landlord, Billingsley Co., on an internal

NAI James Hanson Brokers Sale of Four Commercial Buildings in Hackensack, New Jersey

HACKENSACK, N.J. — NAI James E. Hanson has brokered the sale of four adjacent commercial buildings that are located on the site of a future redevelopment project in Hackensack. The four buildings collectively total about 15,500 square feet. The buyer, Anderson Street Urban Renewal LLC, an affiliate of McGowan Builders, plans to raze the properties and develop a 224-unit multifamily development at the site that will include 4,000 square feet of ground-floor retail space. Anthony Cassano of NAI …

NAI Partners Negotiates Two Industrial Leases Totaling 130,903 SF in McAllen, Texas

MCALLEN, TEXAS — NAI Partners has negotiated two industrial leases totaling 130,903 square feet at 5700 S. International Parkway in the Rio Grande Valley city of McAllen. Marmon Foodservice Technologies, a manufacturer of restaurant equipment and supplies, leased 100,783 square feet, and pet products manufacturer Worldwise leased 30,120 square feet. Carlos Marquez of NAI Partners represented the landlord, Killam Development Ltd., in both sets of lease

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