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Deals and Moves: July 13

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Distribution center financing, retail site ownership, wave energy development.


The Florham Park office of commercial real estate firm Holliday Fenoglio Fowler L.P. announced Thursday that it has arranged $41.15 million in construction financing and joint-venture equity on behalf of industrial developer JG Petrucci Co. Inc., in Clinton, to develop a 570,100-square-foot distribution center in Edison.


Real estate management firm Advance Realty, in Bedminster, announced Thursday that its joint-venture partnership with Structure Tone Equities has taken ownership of a 132,733-square-foot retail site in East Windsor Township.

Wave energy technology developer Ocean Power Technologies Inc., in Pennington, announced Wednesday that it has formed a partnership with security and aerospace technology manufacturer Lockheed Martin Corp., in Bethesda, Md., to develop a 19-megawatt wave-energy project in Australia.

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