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HANOVER TWP., NJ-The Maglio Group, a local investment firm, has acquired a portfolio of five industrial buildings here. The seller was First Industrial Realty based in Chicago, which has its Garden State offices in Montville. The terms of the transaction, including the sale price, were not disclosed.

Paul E. Giannone, managing principal, and Kevin Carton, associate of Newmark Real Estate of New Jersey, Woodbridge, arranged the transaction on behalf of The Maglio Group. The five buildings, which total some 152,836 sf are located at 30 Troy Rd., 20 and 25 Leslie Court and 130 and 150 Algonquin Rd. here.

According to Giannone, “the industrial market in New Jersey continues to demonstrate underlying strength, as evidenced by the sale of this portfolio.

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