JLL Capital Markets on Wednesday said it successfully secured acquisition financing for 130 Interstate Boulevard, a 603,092-square-foot Class A industrial facility in Monroe Township. The deal marks a significant expansion for the borrower, WPT Capital Advisors, within New Jersey’s high demand Exit 8A submarket.
Working on behalf of WPT, the JLL team arranged a floating-rate loan through PGIM Real Estate. The transaction highlights continued institutional appetite for “value-add” logistics assets despite a complex interest rate environment.
130 Interstate Boulevard is a modern, fully leased distribution facility that offers a blend of scale and functionality. Originally constructed in 1999 and significantly expanded in 2014, the two-building complex is designed to meet the rigorous demands of modern supply chain tenants.
Key Property Specifications:
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Size: 603,092 square feet across two buildings.
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Clear Heights: 28-foot to 32-foot functional ceilings.
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Loading: 66 loading doors and two drive-in doors.
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Parking: 83 trailer spaces and 243 car parking spaces.
The facility is situated within the Exit 8A industrial submarket, often referred to as the “Golden Corridor” due to its proximity to the New Jersey Turnpike (I-95). This location is a primary nexus for the Northeast, allowing tenants to reach both the New York City and Philadelphia metro areas within hours.
The property’s strategic value is bolstered by its connectivity:
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I-95 Access: Less than one mile from the turnpike.
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Port Proximity: 24 miles to the Port of New York and New Jersey.
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Air Logistics: 30 miles to Newark Liberty International Airport.
“130 Interstate Boulevard represented a tremendous opportunity to lend to a best-in-class sponsor on a Class A property in one of New Jersey’s premier industrial locations,” said Jim Cadranell, Senior Managing Director at JLL.
The deal was particularly attractive to lenders due to its value-add profile. With rents at the property currently considered below-market, WPT is positioned to capture significant upside as leases expire—a core strategy for the firm’s industrial warehouse and distribution sector investments.
The JLL Capital Markets Debt Advisory team representing WPT Capital Advisors included Jim Cadranell, senior managing director; Ryan Carroll, director and Caleb Henry, analyst.
