CBRE BROKERS $28.5 MILLION WAREHOUSE SALE

BRIDGEPORT, N.J. — CB Richard Ellis has brokered the sale of Pureland VI, a 597,232-square-foot warehouse and distribution facility located at 200 Birch Creek Rd. in Bridgeport, for $28.5 million. Situated on more than 77 acres within the 10 million-square-foot Pureland Industrial Complex, Pureland VI was constructed in 1991 as a build-to-suit for the property’s sole tenant, Becton, Dickinson & Co. (BDC). It features 25-foot clear ceiling heights, 50 dock doors with two drive-in doors, 12,805 square feet of office space and storage for up to 91 trailers. Robert Fahey and Michael Hines of CBRE’s greater Philadelphia office represented the seller, Emory Hill Real Estate Services. It was acquired by Cornerstone Realty Advisors. BDC recently signed a lease extension through August 2013.