WPT Capital Advisors has made a strategic expansion in New Jersey’s industrial market with the acquisition of a 603,092-square-foot warehouse and distribution property at 130 Interstate Boulevard in Monroe. The purchase, facilitated by JLL’s Capital Markets team, highlights continued investor interest in the state’s Exit 8A submarket, one of New Jersey’s most dynamic industrial hubs.
The property, originally built in 1999 and expanded in 2014, presents a fully leased, Class A industrial asset with strong fundamentals. Located just under a mile from Interstate 95, the site offers exceptional connectivity for regional logistics and distribution operations, a key driver of industrial real estate demand in Middlesex County. Features of the property include 28- to 32-foot clear heights, 66 loading doors, two drive-in doors, 83 trailer parking spaces, and 243 car parking spaces, positioning it as a highly functional and flexible industrial facility.
JLL arranged financing for WPT Capital Advisors through a floating-rate loan secured with PGIM Real Estate. Senior Managing Director Jim Cadranell, Director Ryan Carroll, and Analyst Caleb Henry led the transaction, emphasizing the value-add opportunity presented by below-market rents paired with a well-located, fully leased property. Cadranell noted, “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. Combined with WPT’s proven track record, this creates a highly competitive environment for financing and acquisition.”
The acquisition builds on WPT Capital Advisors’ growing industrial footprint. The Minneapolis-based investment and development firm manages approximately $3 billion in assets across 14 million square feet of industrial space in 14 U.S. states. In New Jersey, the company also owns fully leased properties at 99 Avenue A in Bayonne and 3280 Route 206 in Mansfield, solidifying its presence across key logistics corridors.
Market analysts have highlighted Exit 8A as one of the state’s most active industrial submarkets. A fourth-quarter 2025 report from Cushman & Wakefield noted over 2 million square feet of leasing activity in the area, underscoring robust demand for high-quality industrial assets and continued investor confidence in the region’s logistics infrastructure.
The Monroe property’s acquisition comes after a notable sale in October when Terreno Realty Corp. realized $144.2 million, reflecting the strong appreciation potential of Class A industrial assets in the Exit 8A corridor. With below-market rents and modern facilities, 130 Interstate Boulevard offers significant upside for WPT Capital Advisors while supporting New Jersey’s expanding industrial and distribution sector.
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WPT’s strategic move in Monroe reflects both the enduring appeal of New Jersey’s industrial markets and the company’s commitment to acquiring high-quality, income-generating assets in locations that combine accessibility, infrastructure, and long-term growth potential.
