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Grubb Brokers $13M Industrial Deal

HAZLETON, PA-Higgins Development sold the 400,260-square-foot facility here to Exeter Property Group.

By Ian Ritter | Updated on June 01, 2010

HAZLETON, PA-Higgins Development Partners sold a 400,260-square-foot warehouse/distribution asset here to Exeter Property Group for $12.9 million. Grubb & Ellis brokered the sale of the building, located at 68 Green Mountain Rd., in the Humboldt Industrial Park.

There was a lot of buyer competition for the class A facility, says Steve Bonge, a Grubb senior vice president who brokered the deal with SVP Tim Brogan and vice president Patrick McBride, who are all based in the firm’s King of Prussia office.

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