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Chinese Firm Buys Part Of High-Rise In Newark's Downtown

Law360, New York (December 6, 2017, 9:11 PM EST) -- Several floors of a Newark, New Jersey, commercial high-rise that’s home to Seton Hall University School of Law have been purchased by Chinese developer Beijing Ideal Group Co. Ltd., marking a transaction that real estate investment firm Jones Lang LaSalle Inc. said Tuesday is indicative of growing investment in the city’s thriving business and cultural mecca.

JLL completed the partial sale of One Newark Center, a 423,000-square-foot office building in the heart of city’s business district, on behalf of a joint venture between an affiliate of...
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