RREEF gains seaside industrial project

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CB Richard Ellis represented RREEF in the acquisition of a 238,779-square-foot industrial building in Jersey City, N.J. Neither the value of the transaction nor the seller's identity was disclosed. Situated in the Port market, the property is a warehouse, distribution and assembly facility located at 112 Port Jersey Blvd. RREEF, a U.S. based real estate investment manager, is a division of DB Real Estate, the real estate investment management group of Deutsche Asset Management. Los Angeles-based CB Richard Ellis Group Inc. provides commercial real estate services worldwide....