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

MORRISTOWN, N.J., July 22, 2026 – 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.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

CenterPoint Properties develops, acquires, and manages industrial properties in America’s top markets that optimize supply chain efficiency. Since its founding in 1993, CenterPoint has built its reputation as a trusted real estate partner for many of the world’s leading retail, logistics, and e-commerce companies. With headquarters in Oak Brook, IL, CenterPoint also operates eight regional offices in California, Florida, Georgia, New Jersey, and Texas. Its national portfolio comprises 61.3 million square feet of industrial space across 301 properties serving 377 customers. To learn more, visit centerpoint.com and follow CenterPoint on LinkedIn.

Sagard is a global multi-strategy alternative asset management firm with more than US$46 billion under management, 190 portfolio companies, and 540+ professionals. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value creation experts. Our dynamic and supportive ecosystem gives our partners the advantage they need to learn, grow and win at every stage. The firm has offices in Canada, the United States, Europe, and the Middle East. For more information, visit www.sagard.com or follow us on LinkedIn.