(Read more on the industrial market.)
MOORESTOWN, NJ-APCA Property Fund I, co-sponsored byBoston-based Paradigm Capital Advisors and the Stamford, CT-basedAshforth Co., has acquired a three-building industrial portfoliofrom Whitesell for $17 million. The sale price for the 407,000-sfproperties factors out to nearly $42 per sf.
In the transaction, Steve Allison, managing director and CIO ofParadigm Capital represented the buyer. The Delran-based Whitesell,one of South Jersey's largest industrial developers, wasrepresented by brokers from CB Richard Ellis.
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