ALLENTOWN, PA. — NAI Summit has negotiated an 8,400-square-foot, long-term industrial lease at 1032-1036 N. Irving St. in Allentown. The property recently received more than $100,000 in capital improvements and now houses an office and a showroom in addition to warehouse space. Jay Haines of NAI Summit represented the tenant, JJC Flooring LLC, and the undisclosed landlord in the lease negotiations.
ALLENTOWN, PA. — NAI Summit has brokered the sale of a 4,113-square-foot retail building located at 2071 SW 31st St. in Allentown. Sarah Finney-Miller of NAI Summit represented the seller, LEAD 112 LLC, in the transaction. The buyer, 3030 Lehigh Street, plans to renovate the property and convert it into an automotive service center.
EASTON, PA. — NAI Summit has brokered the sale of a 180,000-square-foot industrial facility located at 3700 Glover Road in Easton, about 70 miles north of Philadelphia. According to LoopNet Inc., the property is situated on 15 acres and features 26-foot clear heights, 15 loading docks and parking for 242 cars and numerous trucks. Mike Adams of NAI Summit represented the buyer, personal care products manufacturer A.P. Deauville, which is relocating and expanding from New Jersey into this facility. The new owner-occupant is effectively doubling its footprint and expects to bring more than 100 new jobs to the region. The seller was not disclosed.
GRAND PRAIRIE, TEXAS — NAI Robert Lynn has arranged the sale of a 65,000-square-foot warehouse located at 1205 E. Avenue H in Grand Prairie, roughly midway between Dallas and Fort Worth. Michael Stanzel of NAI Robert Lynn handled the transaction. The buyer and seller were not disclosed.
HOUSTON — NAI Partners has negotiated a 6,500-square-foot office lease at 15915 Katy Freeway in West Houston for software developer Resource Data Inc. Griff Bandy and Joe Bright of NAI Partners represented the tenant in the lease negotiations. Michael Sieger, Lesley Rice and Andy Parrish, also with NAI Partners, represented the landlord, Dornin Investments.
ELIZABETH, N.J. — NAI Hanson has brokered the sale-leaseback of an 8.2-acre industrial property at 349-369 First St. in Elizabeth, located just south of Newark. The site is located approximately one mile from the Port of New York/New Jersey and three miles from Newark Liberty International Airport. Christopher Todd and Scott Perkins of NAI Hanson represented the buyer, Illinois-based CenterPoint Properties, in the transaction. Marc Imrem, J.D. DeRosa and Colby Moore of Transwestern represented the undisclosed seller.
SYRACUSE, N.Y. — NAI Global has opened a new office at 6391 Thompson Road in Syracuse that will operate under the name NAI Bridgeway Commercial and which will serve the Central and Upstate New York areas. The new commercial real estate services firm will offer a range of services, including brokerage and leasing, property and facilities management, investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. Tom Lischak, who founded Bridgeway Commercial Realty in 2014 prior to its acquisition by NAI, will lead the new office.
MUNCY, PA. — NAI Mertz has brokered the sale of two industrial buildings totaling 425,800 square feet that front Interstate 80 in the central Pennsylvania city of Muncy. The Class A distribution centers total 235,000 and 190,800 square feet and are leased to e-commerce users. Howard Fertman, Chris Matus, Steve Cole and Dave Weaver of NAI Mertz represented the seller, S. Balolia Holdings LLC, in the transaction. EuroOptic LLC, an e-commerce provider of firearms, purchased the larger of the two buildings, and Patton Warehousing purchased the smaller one.
CHANDLER, ARIZ. — NAI Horizon has arranged the sale of American Self Storage & Mail Center, a self-storage facility located at 12220 E. Riggs Road in Chandler. Apache Junction-based Lawhead Family LLC sold the asset to Phoenix-based 535 Wilmot Investors for $8.3 million. Totaling 59,239 square feet, American Self Storage & Mail Center offers 652 units in a mix of drive-up and climate-controlled options, as well as RV parking and six commercial retail store tenants. Denise Nunez and Victoria Filice of NAI Horizon represented the seller in the transaction.
MEDFORD, N.J. — NAI Mertz has brokered the sale of a 63,000-square-foot industrial complex located east of Philadelphia in New Jersey. The property was originally built in the 1970s and consists of five buildings on a 9.7-acre tract. Jonathan Klear of NAI Mertz represented the seller, Medford Industrial Park, which will lease back a portion of the space. An affiliate of Philadelphia-based investment firm Velocity Venture Partners purchased the property, which was fully leased at the time of sale, for an undisclosed price.