JLL arranges sale of 224K-SF logistics property at Exit 8A

Sagard Real Estate acquires fully leased distribution facility at Exit 8A

MORRISTOWN, NJ -  JLL Capital Markets announced today the $56.9 million sale of 27 Distribution Way, a 223,977-square-foot industrial distribution facility in Monmouth Junction, New Jersey at Exit 8A.

JLL represented the seller, CenterPoint Properties, in the transaction. Sagard Real Estate acquired the asset.

The single-tenant property at 27 Distribution Way features 22-foot clear heights, 28 loading doors, nine rail doors and approximately 57 trailer stalls within a 225-foot truck court including 126 parking spaces. The property is fully leased to a multinational distribution and supply chain operator.

Located at Exit 8A, the facility provides direct access to the New Jersey Turnpike and is positioned within one of the most active industrial markets in the United States. The Exit 8A submarket continues to attract distribution and logistics users seeking proximity to dense population centers and major transportation infrastructure.

The JLL Capital Markets team was led by Managing Directors Jason Lundy and Nicholas Stefans, Senior Director Ryan Cottone and Associate Luke Ceccoli. Nate Demetsky, Vice Chairman of JLL’s Leasing Advisory team also assisted in the transaction.

"Institutional investor appetite remains robust for logistics facilities in supply-constrained corridors such as the Exit 8A submarket, where availability and development activity face significant constraints," Lundy said.

"The combination of an investment-grade tenant (S&P: BBB+), building functionality and access to logistics infrastructure made 27 Distribution a particularly attractive opportunity," added Stefans.