NAI Mertz announced on Sunday it has completed the $1.8 million sale of a two-story, 40,000-square-foot office building in Bellmawr.
The new owner, Yada Property Management, has retained NAI Mertz as the exclusive leasing agent for the property. NAI Mertz’s Scott Mertz, president, along with Rebecca Ting and Joseph Riggs, senior vice presidents, will make up that team. Scott was also the sole broker in the sale. The seller was Choice Services International LLC.
“I am pleased to have completed the sale of this property working directly with both the buyer and the seller to negotiate a win-win transaction,” Mertz said. “This building is ideally situated within Interstate Business Park and offers ideal space configurations for efficient floor planning, as businesses begin to slowly bring employees back into the office during these unique times of COVID-19.”
Located within the 40-building Interstate Business Park, 211 Benigno Blvd. offers on-site parking, elevator and stair options, glass-enclosed atriums, interior courtyards, flexible size plates for growth options, exterior building signage and a lower level finished space. It is within close access to the New Jersey Turnpike, Interstate 295 and routes 42 and 55.
“We are happy to have worked with NAI Mertz on this transaction, and to have them on-board as the new leasing team,” Robert Eisenberg, partner, Yada Property Management, said. “We are excited for this asset’s potential due both to its superior location and the flexibility that its current vacancies offer prospective tenants. The full floor availability is ideal for the distancing measures required for office life in the age of COVID-19. Spacing concerns are also forcing some companies to consider a spoke-hub model with a scaled back headquarters and several outposts in the suburbs. 211 Benigno Boulevard is perfectly positioned for a satellite office for a company based in Philadelphia.”