NAI Fennelly negotiated a lease for 2 acres of industrial land at 1605 Calhoun St. in Ewing. NAI Fennelly’s Jerry and Matt Fennelly represented the owner in the transaction with fleet management and storage experience provider ParkMyFleet.
Founded by real estate and automotive executives with over 40 years of fleet management and storage experience, ParkMyFleet offers a wide range of fleet solutions services to companies including vehicle transport, reconditioning services, inventory management, title and registration, sale preparation and vehicle maintenance services.
The New York City-based company currently has a footprint spanning thousands of acres, with mobility hubs in every major U.S. metropolitan market.
The latest acquisition, at 1605 Calhoun St., provides an ideal location to expand its on-the-ground presence in the Trenton and Philadelphia markets. The site is less than a mile from Route 1 with easy access to the Trenton Transit Center and Trenton Mercer Airport as well as Route 29, Exit 7A on the New Jersey Turnpike and Interstates 195 and 295.
“With the increases in the size and complexity of commercial vehicle fleets, the need for parking and service areas within dense urban cores increases by the day,” said Jerry Fennelly. “By tapping into the demand for parking facilities, we were able to help our client attract a growing national tenant to their property and capitalize on the strong demand for parking across New Jersey.”