NAI Mertz’ inks a total of 235k sq. ft. in industrial leases on East and West Coasts

Lease agreement

NAI Mertz on Thursday said it recently completed 232,679 square feet in industrial leases for Pennsauken-based Puratos U.S. with one lease for 28,800 square feet at 8470 Remington Ave, Units B&C in Pennsauken; another for 86,879 square feet located at 15601 South Avalon Blvd., in Gardena, California and 117,000 square feet located at 9000 River Road, in Pennsauken. Additionally, the firm recently handled the purchase of 200,000 square feet located at 9130 Griffith Morgan Boulevard.

“We’re pleased to support Puratos U.S., a leading provider of innovative bakery ingredients for large industrial bakeries, retailers, food service chains and distributors in the United States. The company’s recent investment on both coasts is a testament to their national growth strategy and we’re proud to be their partner of choice on commercial real estate acquisitions, dispositions and leasing needs,” Scott Mertz, president, NAI Mertz said. NAI Mertz is a top sender of business within NAI and Scott Mertz annually ranks in the top tier of brokers on a global basis.

“As a global company with a strong U.S. presence and unparalleled expertise in the bakery industry, it was important to find the right partner for these strategic investments,” Ann Marie Earle, vice president of Finance & US chief financial officer for Puratos said. “Scott and the team from NAI Mertz delivered timely negotiation and logistics support throughout the process. Their attention to detail and always-on mentality aligned perfectly with the culture of Puratos and will further strengthen our ability to deliver exceptional bakery innovation for the U.S. market.”