Bel Berlin LLC Acquires Industrial Property In Berlin, NJ For $43.95M

The East Coast distribution facility of Michaels Stores in Berlin, NJ has been sold in a recent transaction. The industrial property, located at 130 Makers Avea/K/A AC Moore Drive, was purchased by BEL Berlin, LLC for a sale price of $43.95 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $43,950,000

Bel Berlin LLC acted as the buyer in this deal, while the sellers were Fem Berlin LLC, CPI Berlin II LLC, and CPI Berlin III LLC. The purchase of the property was insured by Town Title Agency @TownTitleagency.

Town Title Agency @TownTitleagency insured the purchase of the Michaels Stores' @MichaelsStores East Coast distribution facility. The property was purchased by BEL Berlin, LLC for $43.95 million.