27 Distribution Way in Monmouth Junction — Courtesy: Sagard Real Estate
By Joshua Burd
Sagard Real Estate has secured another asset for its fast-growing New Jersey portfolio, acquiring a nearly 224,000-square-foot industrial building in South Brunswick.
Located in the township’s Monmouth Junction section, the property at 27 Distribution Way is fully leased to a long-term distribution user that benefits from its direct access to the New Jersey Turnpike. It’s also the latest addition to SRE’s holdings in central New Jersey, which it’s built in recent years through both acquisitions and ground-up development in high-barrier-to-entry logistics markets with strong fundamentals and critical transportation infrastructure.
The real estate investment adviser, a subsidiary of Sagard, paid an undisclosed price for the 223,977-square-foot warehouse.
“Exit 8A remains one of the premier industrial submarkets in the country, benefiting from exceptional transportation connectivity, a deep labor pool and long-term tenant demand,” said Belah Terentjev, a director with Sagard Real Estate’s acquisitions team. “We were attracted to the property’s functional design, extensive trailer parking capacity and strategic location within a market that continues to experience strong leasing activity and limited new supply. We believe the asset is well-positioned to generate durable performance over the long term.”
Occupying a roughly 16.4-acre site, the building has 28 dock-high loading positions, rail service capability, a secured truck court and significant trailer storage capacity. Its tenant, which was undisclosed, has easy access to the Port of New York and New Jersey, Newark Liberty International Airport, New York City and Philadelphia, as well as other key corridors by way of the New Jersey Turnpike.
