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Leased distribution center in N.J. sold to developer

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The East Rutherford office of brokerage firm Cushman & Wakefield today announced it has arranged the $83 million sale of a 1,145,000-square-foot distribution center in Monroe Township to CenterPoint Properties, in Oak Brook, Ill., on behalf of a pension fund advisory group.

Barnes & Noble holds a lease through 2020 on the industrial property, which is situated on a 73-acre site that can accommodate an expansion of up to 100,800 square feet, the announcement said.










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