COMPANIES ON THE MOVE

NAI Mertz Team Inks Sale of 16,700-SF Flex Building in Morrisville, Pennsylvania

NAI Mertz, recently announced the sale of a 16,700 sq. ft. office and industrial building sale at 1380 S. Pennsylvania Avenue in Morrisville, PA. Representing both the seller, Michael Fardella, and the buyer, MJLS Holdings, LLC, was the NAI Mertz team of Zena Charokopos, vice president-office division, Jeffrey Licht, SIOR, senior vice president and Adam Lashner, SIOR, vice president.

The buyer of the property is an electrical contractor that was looking to expand from its previous facility. “This transaction created the perfect scenario for the buyer—providing the additional space it required for its growing business in an ideal location to serve their clients,” stated Charokopos.

Located in Falls Township, the facility is a two-story fully air conditioned building with four office suites ranging from 2,300 to 2,625 sq. ft., including kitchen areas and a conference room. The 6,948-sq. ft. industrial area is divided into two spaces—one unit includes two office areas and the second unit features a 1,100-square-foot mezzanine area. The building also features a video surveillance system and a 130-KW back-up generator. Strategically located in Bucks County, the building is in close proximity to U.S. Route 1 and I-95 offering easy access to New Jersey.

“We are pleased to have represented both parties in meeting their business goals,” added Lashner. “Morrisville is a great location offering convenience to major highways, as well as a myriad of housing, retail and entertainment options.”

For more information on NAI Mertz, visit its web site at www.naimertz.com, or contact its Mt. Laurel, NJ, headquarters at 856.234.9600, or NAI Mertz of PA at 570.820.7700.


Bucks County Lease Activity April - May 2016

Information provided by Brode & Brooks, Colliers, NAI Mertz, & The Flynn Company

Bensalem

Industrial
Industrial

Grand Total


Bristol

Industrial
Industrial
Industrial

Grand Total 


Croydon

Industrial
Grand Total


Falls Township

Industrial
Grand Total


Hulmeville

Industrial
Grand Total

Sq. Ft.

4,800
3,002

7,802


Sq. Ft. 

 52,347
10,800
27,910

63,147


Sq. Ft.

2,500
2,500


Sq. Ft.

6,000
6,000


Sq. Ft.

6,336
6,336

 

Langhorne

Industrial
Industrial
Industrial
Industrial

Grand Total


Perkasie

Industrial
Industrial

Grand Total


Warminster

Industrial
Industrial
Grand Total


Warrington

Industrial
Grand Total

Sq. Ft.

20,000
5,000
7,700
1,396

34,096


Sq. Ft.

 4,700
7,500

12,200


Sq. Ft.

6,464
103,830
110,294


Sq. Ft.

12,700
12,700