The Allendale portfolio, totaling 428,833 sf, was the largestacquisition. Located on Route 17 in north west Bergen County, theportfolio includes a seven-building light industrial park at 1, 2,3, 5, 6 and 7 Pearl Court, totaling 368,833 sf, and 59 Route 17,which is 60,000 sf. The total purchase price was $42.7 million. Theproperties, which are currently 94% occupied, have access to I-287and the Garden State Parkway.


In Edison, High Street acquired two light industrial buildingsat 300 Columbus Dr. and 400 Raritan Center for $22 million. Theproperties, which total 204,440 sf, are 100% occupied and arelocated three miles from I-287, SR 440 and the New JerseyTurnpike.


The final acquisition, in the Central New Jersey submarket ofSomerset, was the Franklin Township portfolio. The companypurchased the 111,874-sf 400 and the 58,585-sf 500 Apgar Dr. for$12 million. These properties, which total 170,459 sf, are locatednear I-287 and I-78. They are currently 95% occupied.


The new properties join High Street's existing New Jerseyportfolio, which included 10 New Maple Rd. in Pinebrook and 200Maltese Dr. in Totowa. Ten New Maple is an industrial/warehouseproperty located in Morris County. It is 100% occupied. MalteseDrive, a 208,000 sf industrial building located 10 miles from NewYork City, is 100% leased to Precision Custom Coatings. The othertenants in High Street's New Jersey portfolio were notdisclosed.

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