Jones Lang LaSalle Inc.
03/24/2026 | Press release | Distributed by Public on 03/24/2026 13:42
JLL completes sale of premier IOS portfolio in Meadowlands submarket
MORRISTOWN, N.J., March 24, 2026 - JLL Capital Markets announced today the sale of the Premier Meadowlands IOS Site, a two-property industrial outdoor storage portfolio totaling approximately 1.44 usable acres in Moonachie, New Jersey.
JLL represented the seller, Sitex Group, in the transaction and brought the buyers, Sagard Real Estate and global investment group La Caisse (formerly CDPQ).
The site comprises two properties, featuring 8,817 square feet of building space across the combined sites with 14.1 percent lot coverage. The properties were renovated in 2025, offering five drive-in doors combined, 47 parking spaces and clear heights ranging from 15 to 17 feet.
The facilities are used for fleet parking and truck maintenance operations, serving growing demand from logistics and distribution companies that require proximity to highly populated areas for last-mile delivery services.
The sites benefit from exceptional market reach and workforce availability, with more than 21.7 million residents within a 90-minute drive. The properties offer proximity to major transportation infrastructure, including the George Washington Bridge handling 283,000 vehicles per day and Lincoln Tunnel processing 145,000 vehicles daily.
The JLL Capital Markets team was led by Managing Directors Nicholas Stefans and Jason Lundy, along with Senior Analyst Luke Ceccoli.
"This portfolio represented the optimal footprint for market needs in a sector where IOS parcels of this size are highly sought-after and rarely available in the Meadows," said Stefans. "The combination of zoning, functionality and credit-backed cash flow, drew significant institutional interest proving out the demand for the asset class."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Sitex Group
Sitex Group is a vertically integrated real estate private equity firm focused exclusively on acquiring, developing and repositioning industrial assets in major infill markets across the United States. Since 2002, the Sitex Team has completed over $4.2 billion of transactions across eleven discretionary funds.
About Sagard Real Estate
Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S., including portfolio management, acquisitions, asset management, development, and property management for investors. With US$6.0 billion in assets under management, Sagard Real Estate offers commercial real estate investment strategies through separate accounts and commingled funds. Founded in 1997, the firm is headquartered in Denver and maintains regional investment offices in New York City, Charlotte, Austin, Los Angeles, and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. For more information, visit www.sagard.com/realestate or follow us on LinkedIn.
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