BRIDGEPORT, NJ-Emory Hill Real Estate Services Inc. has sold Pureland VI, a 597,232-sf, single-tenant industrial building located at 200 Birch Creek Rd. here. The Chicago-based Cornerstone Realty Advisers Inc., an investment adviser for pension plans and a variety of other funds and institutions, paid $28.5 million for the W/D asset, a final number that factors out to just less than $48 per sf.

The New Castle, DE-based Emory Hill development arm built Pureland VI back in 1991 as a build-to-suit warehouse/distribution facility for Becton, Dickinson and Co., and the latter has continued its full occupancy of the asset for distribution of its medical devices, instrument systems and reagents ever since. And Becton, Dickinson recently signed a lease extension running through August 2013 for the site.

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