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PASSAIC, N.J. — Lee & Associates has negotiated the $52 million sale of a 330,000-square-foot industrial property that is situated on a 10.7-acre site at 153 Linden St. in the Northern New Jersey community of Passaic. Rick Marchisio, Brian Lynch and Drew Maffey of Lee & Associates represented the seller, Waitex, and procured the buyer, Thor Equities, in the transaction. David Sitt, Peter Rotchford, Matthew Pizzolato and Ryan Carroll of JLL arranged a three-year, floating-rate loan through Tremont Realty Capital on behalf of Thor Equities.