Sagard Real Estate Purchases Industrial Asset From CenterPoint In Monmouth Junction For $56.9M

This industrial property is located at 27 Distribution Way in Monmouth Junction, NJ. The asset was sold for $56,900,000, encompassing a total space of 223,977 square feet, which translates to a price per square foot of $254.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $56,900,000
• Address: 27 Distribution Way
• Market: Monmouth Junction, NJ
• Total Square Footage: 223,977
• Price Per Square Foot: $254
• Buyer: Sagard Real Estate
• Seller: CenterPoint
• Brokers: Jason Lundy, Nick Stefans, John Plower & Ryan Cottone - JLL

The deal involved key representatives from JLL, specifically Jason Lundy, Nick Stefans, John Plower, and Ryan Cottone, who facilitated the transaction between the buyer, Sagard Real Estate, and the seller, CenterPoint.