(Read more on the industrial market.)
EDISON, NJ-AMB Property Corp. has acquired a 452,000-sf industrial property here, an acquisition that boosts the company's Northern New Jersey/New York area holdings to 12.3 million sf. Just added to the company's portfolio is the newly renamed AMB New Durham Industrial Center.
The building, fully leased to Sea Jet Trucking, a Carteret-based concern, was sold by a local investor group, which was not identified. A spokesman for the San Francisco-based AMB declined to disclose the purchase price.
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