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CANTOR FITZGERALD/JONES LANG WOOTTON RETAINED TO SELL $172 MILLION LOAN PORTFOLIO

 NEW YORK, June 3 /PRNewswire/ -- Cantor Fitzgerald, L.P.'s Asset Sales Group and Jones Lang Wootton USA today announced they have been retained as exclusive agents for National Westminster Bank N.J. toe?ll approximately $172 million in non-performing commercial real estate loans.
 The portfolio includes retail, office, industrial, condo, land, single family and mixed use assets. The properties securing these loans are all located in New Jersey. The sale is expected to occur in mid- September. Loan files will be available for due diligence beginning in July at the bank's offices in Jersey City, N.J.
 -0- 6/3/93
 /CONTACT: Robert Mercorella, 212-938-3982, or A. Labozzetta, 212-4?200, both of Cantor Fitzgerald; or Charles Bendit of Jones Lang Wootton, 212-688-8181/


CO: Cantor Fitzgerald, L.P.; Jones Lang Wootton USA;
 National Westminster Bank N.J. ST: New York, New Jersey IN: FIN SU:


GK-OS -- NY106 -- 4128 06/03/93 16:57 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:154
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