CenterPoint buys massive N.J. DC

Services

Monday, February 18, 2013

Developer CenterPoint Properties last week said it recently closed the $83 million acquisition of a 1.5 million-square-foot distribution center occupied by bookstore Barnes & Noble in Monroe, N.J. It was the largest amount ever paid by Chicago-based CenterPoint for a single building and brings its holdings in the New Jersey market to 2.9 million square feet. Barnes & Nobles' lease for its e-commerce fulfillment center runs th...

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