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Industrial portfolio sells for $13.5M in New Jersey's booming '3M' market

Michelle Caffrey
Industrial portfolio sells for $13.5M in New Jersey's booming '3M' market

Two industrial buildings in the in-demand "3M" market in South Jersey sold to a Boston-based REIT for $13.52 million this month as activity in the region's industrial property market remains hot. According to public documents, the buyer is Boston-based Stag Industrial (NYSE: STAG) a REIT that focuses on single-tenant industrial properties.