Earlier this week, Mount Laurel-based NAI Mertz announced that its president, Scott Mertz, completed the sale of a 115,422-square-foot industrial building in Moorestown.
Located at 1224 N. Main St., the single-story industrial building sits on an 8-acre lot, and offers ample tenant parking, 22-foot clear ceiling heights, 12 loading docks and one drive-in door. It is convenient to several major highways, including Interstate 295, the New Jersey Turnpike and Route 38, as well as several retail and dining options.
Mertz represented the buyer, OPEX, in the transaction. The seller was Northbridge Partners.
OPEX is a family-owned and -operated corporation that provides warehouse, document and mail automation solutions to help businesses improve workflow, accelerate change and drive efficiencies in infrastructure. This is a new location for the company, which has two additional locations in Moorestown and one in Pennsauken.
“I am pleased to have found this ideal location for OPEX, as it continues to expand its operations throughout southern New Jersey,” stated Mertz. “Industrial properties are commanding significant demand in the state from tenants, buyers and investors alike, so securing this sale was both a challenging and rewarding experience.”