The deal was orchestrated by Jose Cruz, Andrew Merin, DavidBernhaut and Gary Gabriel, all of Cushman & Wakefield'sMetropolitan Area Capital Markets Group. The sale price was notdisclosed.

"We received a number of competitive bids for this offering,"Cruz says. "Despite the challenging economy and financing climate,we're finding that demand for well-located industrial assetsremains significant."

Locally, the building at 500 Memorial Dr. sits on just more than11 acres near the Easton Ave. interchange with Interstate 287. Andthe high tech/flex 400 Commons Way in Rockaway sits on nearly 16acres near Exit 37 of Interstate 80. The two buildings were fullyleased at the time of sale, with major tenants including customcountertops maker ALPS Technologies at 500 Memorial Dr. andretailer Party City at 400 Commons Way.

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