Large New Jersey industrial deal closes

Price per square foot tops $67

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Weichert Commercial Brokerage today announced the sale of a 128,000-square-foot industrial building in Neptune City, N.J. An unidentified buyer paid approximately $8.7 million for the property, which is located at 211 W. Sylvania Ave. At the time of sale, the building was occupied by a single tenant with seven years remaining on its lease. The seller's identity was not disclosed. ...