JLL arranges sale of 224K-SF logistics property at Exit 8A
United States, July 22 -- ?JLL Capital Markets announced 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 industr...
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