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WALL TWP., NJ-Monmouth County officials had been trying for morethan a decade to buy the 645-acre Monmouth Executive Airport onRoute 34 here from its private owners, the Brown family. Previousnegotiations fell through, and now the property is apparently beingsold to another suitor, the Woodbridge, NJ-based Onyx Equities.

County officials say they have been informed by attorneys forboth the Brown family and Onyx Equities that an agreement has beenreached for the transfer of title to the sprawling site. Terms,including the sale price, have not been released. The most recentassessments of the property put its value in the $40-million to45-million range, and industry sources say it likely traded for anumber above that range. Members of the Brown family could not bereached, and a spokesman for Onyx declined to comment.