Michael Adams of NAI Summit has represented the tenant in leasing 35,465 s/f of warehouse space at 999 Postal Rd.
The tenant, EcoTech Marine, designs and manufactures reef aquarium equipment. This is EcoTech's second Lehigh Valley location, and they plan to use the building for distribution and assembly.
About NAI Summit
NAI Summit is the Greater Lehigh Valley's only full-service commercial/industrial real estate firm servicing Eastern Pennsylvania. Founded in 1982, NAI Summit has consistently maintained the highest volume of commercial transactions by utilizing an extensive network of professional affiliations. NAI Summit provides comprehensive services in acquisitions and disposition, leasing, representation of owners and tenants, investment sales, development, asset management, property management, facilities management, residential management, corporate services, build-to-suit leaseback management, consultation, advisory services and research. To learn more, visit www.naisummit.com.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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