CenterPoint Inks $83M Deal For Barnes & Noble NJ Center

Law360, New York (February 12, 2013, 5:52 PM EST) -- CenterPoint Properties has picked up Barnes & Noble Inc.'s New Jersey distribution center in an $83 million deal that ranks among the state's largest leased industrial property sales, commercial real estate services firm Cushman & Wakefield announced Tuesday.

CenterPoint purchased the 1.15 million-square-foot class-A industrial facility from an undisclosed pension fund advisory firm, Cushman said, adding that Barnes & Noble is still leasing the property, which is the bookseller's main distribution center, through 2020.

Gary Gabriel of Cushman's Metropolitan Area Capital Markets Group, which guided the...
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