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EAST RUTHERFORD, N.J. — Locally based investment firm Devli Real Estate has purchased a 175,000-square-foot industrial facility in East Rutherford, located in Northern New Jersey. The facility sits on a six-acre site within The Meadowlands submarket. Devli Real Estate will lease back the space to the undisclosed seller/tenant on a short-term basis. Yanni Marmarou of B6 Real Estate brokered the transaction. Michael Klein and Max Custer of JLL arranged acquisition financing through First Bank on behalf of Devli Real Estate.