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Deals and Moves: June 1

By June 01. 2012 9:36AM

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R&D complex sale, electrical equipment acquisition, financial technology agreement.


The metropolitan area capital markets group of Cushman & Wakefield of New Jersey Inc., in East Rutherford, announced Thursday it arranged the sale of a 65,552-square-foot office and research and development building, in East Windsor, on behalf of Woodmont Properties for $17.6 million.


Electrical equipment distributor Turtle & Hughes Inc., in Linden, announced Thursday it acquired wholesale electrical equipment supplier Mag-Trol Long Beach Inc., in Long Beach, Calif.

Financial services technology solutions provider Fiserv Inc., in Brookfield, Wis., announced Wednesday it signed a multiproduct agreement with Magyar Bank, a subsidiary of New Brunswick-based Magyar Bancorp, to provide the bank with technology for bill payments, content management and remote deposits.

New Jersey Health Foundation Inc., in New Brunswick, announced Thursday the Zimmerman Family Fund has awarded a $50,000 grant to The Cardiovascular Institute at UMDNJ-Robert Wood Johnson Medical School to support two cardiovascular projects.


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