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PARSIPPANY, NJ-The recent acquisition of 6 Upper Pond Rd. in here, while certainly a boon for acquirer Pond Partners LLC, could mean something more to the real estate industry. The 73,450-square-foot, class A office building located on 5.67 acres traded for $5.25 million after seller EBI LLC reduced the price.

The deal may be a sign that buyers are becoming more realistic about pricing–and that sellers are cautiously returning to the market, says Scott Lippert, head of the real estate practice of law firm Pashman Stein LLC, which represented Pond Partners. “It’s nice to have a transaction,” Lippert told GlobeSt.com.

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