The Wall Street Journal-20080204-General Motors Corp-- New Jersey Plant Is Sold To a Trust for --36-77 Million

Return to: The_Wall_Street_Journal-20080204

General Motors Corp.: New Jersey Plant Is Sold To a Trust for $77 Million

Full Text (92  words)

General Motors Corp. sold its Linden, N.J., plant to an investment trust. The $77 million sale to Duke Realty Corp. comes nearly three years after the final SUV rolled off the assembly line. The plant was closed as part of a restructuring. The plant operated for nearly 70 years and once employed 6,000 workers. Indianapolis-based Duke previously bought a former GM plant in Baltimore and turned it into an office and industrial park. A company spokesman says the New Jersey site is slated to be used as an industrial and retail site.