GM SELLS NEW JERSEY PROPERTY TO REAL ESTATE DEVELOPER - Associated Press
LINDEN, N.J. -- General Motors Corp. has sold its Linden, N.J. plant to an investment trust.
The $77 million sale to Duke Realty comes nearly three years after the final sport utility vehicle 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.
The New Jersey site is expected to be used as an industrial and retail site.
LINDEN, N.J. -- General Motors Corp. has sold its Linden, N.J. plant to an investment trust.
The $77 million sale to Duke Realty comes nearly three years after the final sport utility vehicle 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.
The New Jersey site is expected to be used as an industrial and retail site.
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