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JLL arranges sale of Monmouth Junction logistics asset at Exit 8A

Source: ROI-NJ · Jul 23, 2026, 6:44 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

JLL arranges sale of Monmouth Junction logistics asset at Exit 8A news image

JLL Capital Markets facilitated a $56.9 million sale of a 223,977-square-foot industrial distribution facility located at 27 Distribution Way in Monmouth Junction near Exit 8A on the New Jersey Turnpike.

The single-tenant logistics asset was sold by CenterPoint Properties to Sagard Real Estate. The property features 22-foot clear heights and is strategically positioned for distribution operations in a key New Jersey logistics corridor.

Key points

  • $56.9 million sale price for the Monmouth Junction industrial facility
  • 223,977-square-foot distribution property with 22-foot clear heights
  • Strategic location at Exit 8A on the New Jersey Turnpike
  • CenterPoint Properties sold the asset to Sagard Real Estate
  • JLL Capital Markets represented the seller in the transaction

FAQ

What is the size and location of the property?
The property at 27 Distribution Way is a 223,977-square-foot industrial distribution facility located in Monmouth Junction at Exit 8A on the New Jersey Turnpike, making it a strategically positioned logistics asset in a major transportation corridor.
Who were the parties involved in the transaction?
CenterPoint Properties was the seller, Sagard Real Estate was the buyer, and JLL Capital Markets represented the seller in arranging the $56.9 million sale.
What makes this location attractive for logistics operations?
The property's proximity to Exit 8A on the New Jersey Turnpike provides excellent access to major transportation routes, and its 22-foot clear heights support modern distribution operations.

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