In a major move for the Central Jersey industrial corridor, CBRE announced Wednesday the successful sale of Eastpoint at Exit 8A, a premier 450,330-square-foot logistics facility located at 1065 Cranbury South River Road in Monroe Township.
The asset was acquired by Property Reserve Inc. from Morgan Stanley. While the specific purchase price remains undisclosed, the deal represents a significant transaction in one of the most competitive logistics submarkets in the United States.
The facility, built in 2018, is strategically positioned between New York City and Philadelphia. Its location near Exit 8A of the New Jersey Turnpike places it in the heart of New Jersey’s third-largest industrial submarket, an area renowned for its high-quality labor pool and accessibility to the Port of New York/New Jersey.
“Eastpoint at Exit 8A is one of the best logistics facilities in the region, offering direct access to the densest consumer base in the U.S.,” Brian Fiumara of CBRE said. Fiumara also arranged the sale alongside Brad Ruppel.
The property is 100% leased to Iron Mountain Information Management LLC, a subsidiary of the global storage and information giant Iron Mountain. According to CBRE, the tenant recently executed a lease renewal, providing the new owners with long-term stability and a “one-of-a-kind investment opportunity.”
The Class A facility is designed for high-velocity logistics and specialized storage, featuring:
- Total Space: 450,330 sq. ft. (including 11,100 sq. ft. of office space).
- Loading: A 470-foot deep cross-dock configuration with 100 existing docks.
- Ceiling Height: 36-foot clear heights.
- Modern Infrastructure: ESFR fire protection, energy-efficient lighting, and a fully warrantied EPDM membrane roof.
With its proximity to I-95 and major metropolitan hubs, Eastpoint continues to attract globally recognized occupiers in the retail and wholesale sectors. The sale underscores the enduring demand for institutional-quality industrial real estate in the Garden State, even as the market evolves.
