112K sq. ft. Mount Laurel industrial building sold, NAI Mertz reports

A 112,000-square-foot industrial building in Mount Laurel has been sold, real estate firm NAI Mertz said this week.

The property at 103 Central Ave. was sold by CoreOne Industrial LLC to STAG Industrial Holdings LLC, the firm said in a news release.

The team of Scott Mertz, president, and Jonathan Klear, senior vice president, completed the transaction, representing both the buyer and the seller.

“It was an honor to represent CoreOne on this property, as we have represented them in the past to help grow their market share,” Klear said in a prepared statement. “We also have served as longtime exclusive leasing agents of this property, so it was nice to see this asset trade at nearly full occupancy.”

Financial terms of the deal were not disclosed.