(Read more on the industrial market.)
PENNSAUKEN, NJ-First Industrial Realty Trust has picked upanother South Jersey building, its third in the market so far thisyear, buying the 139,000-sf building at 1070 Thomas Busch MemorialHwy. Located within the multi-owner Pennsauken Industrial Park, thebuilding serves as the headquarters and main warehouse for discountclothier Forman Mills, which has a total of 23 retail outlets infive states.
With the sale, the building leaves the portfolio of PennAmerican Real Estate Co. (Parec Properties), based in Blue Bell,PA. The sale price was not released.
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