Sagard Real Estate has acquired 27 Distribution Way, a 223,977-square-foot industrial distribution facility at Exit 8A in Monmouth Junction, N.J., for $56.9 million. JLL represented the seller, CenterPoint Properties, in the transaction.
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.
