209K sq.ft. Moorestown industrial building sold

By Eric Strauss
Moorestown | Jan 15, 2019 at 10:31 am

A Moorestown industrial building was sold for $13.55 million, according to real estate firm NAI Mertz.

The 209,000-square-foot property at 540 Glen Ave. was sold to One Liberty Properties Inc., NAI Mertz said in a news release. It is fully leased to two tenants with long-term leases, the firm added.

Fred Meyer, executive vice president with NAI Mertz, and Jonathan Klear, senior VP, handled the sale.

“Moorestown is a popular region full of industrial product that attracts serious investors,” Meyer said in a prepared statement. “We are pleased to have brought this buyer to this property and to have helped them add a quality facility to their portfolio.”

Eric Strauss | estrauss@roi-nj.com | acerimrat