The Quakertown property is net-leased to MagiKitch'n Inc.through March 2015, and is currently subleased to, and fullyoccupied by Rotoflex Technology Inc. The seller is Vermont-basedPizzagalli Properties LLC.

Freehold, NJ-based Monmouth Capital is a member of a family ofREITs. They include United Mobile Homes Inc., which invests inmanufactured home communities, and Monmouth Real Estate InvestmentCorp., which invests in net-leased properties that haveinvestment-grade tenants on long-term leases.

PJM is a Lester-based investor that plans to use the Fourth Ave.property for warehousing and distribution activities. The buildingis located on approximately two acres near the Philadelphiaairport. It has an adjacent paved parking lot suitable for eitherexpansion of the existing building or for outside storage. SteveItaliano, SVP in the Wayne, PA office of CB Richard Ellis,represented the seller, Gearhardt Holdings.