Investors buy NJ industrial facility.

CB Richard Ellis (CBRE) recently represented RREEF in the acquisition of a 238,779 s/f industrial building located at 112 Port Jersey Boulevard in Jersey City, New Jersey.

CBRE first vice president Nicholas Nitti, senior vice president William Waxman, and senior associate Carrie Brown

The CBRE team was also appointed exclusive leasing agent for the property.

Situated in the Port market, 112 Port Jersey Boulevard is a warehouse, distribution, and assembly facility located in close proximity to New York City.

"This asset is an excellent value for RREEF within the active New Jersey port market," said Nitti.

"As the dominant industrial brokerage platform in New Jersey, we are uniquely positioned to strategically advise investors such as RREEF in the marketplace."

RREEF, a leading US based real estate investment manager, is a division of DB Real Estate, the real estate investment management group of Deutsche Asset Management. As of September 30, 2005 RREEF manages $28.6 billion in pension fund real estate investments for over 400 corporate, public and international clients.

Its activities include private and public market equity investments ranging from core investments to higher return/higher risk holdings, including development.